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.
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, 2018 Independent Reserves Evaluation report.
Proved plus Probable Reserves of 470.7 MMboe;
Best Estimate Contingent Resources of 146.9 MMboe;
FY 2017 net average production of 40,188 boepd.
With a core objective of continuously growing our production and reserves, our focus is in the optimization of our existing asset portfolio and participation in governmental bid rounds in Africa, acquiring unutilized near-term production assets from International Oil Companies during divestment programs.
Oando PLC Announces YTD September 2018 Results, Posts N10.4 Billion Profit-After-Tax
Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the nine months period ended September 30, 2018. .