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 2020 Independent Reserves Evaluation report.

Key facts:

  • Proved plus Probable Reserves of 513.4 MMboe;

  • Best Estimate Contingent Resources of 158.9 MMboe;

  • FY 2021 net average production of 26,776 boepd.

 

What's new

Oando PLC Completes $783 Million Acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC)

Lagos, Nigeria - Oando PLC ("Oando" or the "Company"), Nigeria's leading energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to…

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Oando PLC’s Statement on Allegations of Owning Interests in Maltese Oil Storage & Blending Facility, Ras Hanzir Oil Terminal Limited

Our attention has been drawn to recent allegations on social and digital media, levelled against Oando PLC (‘Oando’ or 'the Company’) of being a shareholder, and its Principals of being…

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