Our business

Exploiting unique acquisition opportunities for indigenous independents

 

Our robust portfolio of oil and gas fields is comprised of interests in onshore and offshore producing assets, across the Niger Delta basin and on the continental shelf.

As international oil companies shift their focus even more to offshore projects, they are divesting their onshore assets, offering opportunities for indigenous independents to acquire reserves and resources.

 

Our strategy is to continually grow our reserves through the development of our existing portfolio, and the acquisition of new assets through an ambitious expansion strategy.

Our Vision is to be the leading indigenous exploration and production player on the African continent.

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Production, reserves & resources

OER is well positioned as a leading E&P player in the Nigerian Oil and Gas sector, as measured by our December 31, 2016 Independent Reserves Evaluation report.

Key facts:

  • Proved plus Probable Reserves of 469 MMboe;
  • Best Estimate Contingent Resources of 156 MMboe;
  •  FY 2016 net average production of 39,709 boepd.
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What's
new

OER Concludes Arrangement with Oando PLC for Oando PLC to Acquire OER Minority Shares for a Consideration of US$1.20 Per Share in Cash

CALGARY, ALBERTA, May 13, 2016 - Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER) today announced the closing of its going private arrangement transaction, pursuant to which Oando E&P Holdings Limited (the "Purchaser")

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Oando Energy Resources Announces Extension of Outside Date

CALGARY, ALBERTA, April 29, 2016 - Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER) announces that the outside date under OER’s previously announced proposed plan of arrangement  (the “Arrangement”) with Oando PLC and Oando E&P Holdings Limited

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