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.
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 ANNOUNCES A DELAY IN THE PUBLICATION OF ITS 2023 AUDITED FINANCIAL STATEMENTS
Oando PLC (referred to as “Oando” or the “Company”), Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE Limited), hereby wishes to notify the public and its shareholders that pursuant to…
OANDO PLC ANNOUNCES SUSPENSION OF SECURITIES LISTING WITH THE JOHANNESBURG STOCK EXCHANGE
Oando PLC (referred to as “Oando” or the “Company”), Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE Limited), hereby wishes to notify the public and its shareholders that it has…