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, 2017 Independent Reserves Evaluation report.

Key facts:

  • Proved plus Probable Reserves of 470.7 MMboe;

  • Best Estimate Contingent Resources of 146.9 MMboe;

  • FY 2016 net average production of 40,188 boepd.

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What's
new

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. .

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Oando PLC Q3 Financial Statement

Unaudited Interim Consolidated and Separate Interim Financial Statements For the three and nine months ended 30 September 2018 and 2017

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