Nigerian Oil Mogul Wale Tinubu's Oando Wins Angola's Kon 13 Block
- Oando Plc wins operator rights for Angola's Kwanza Basin Block KON 13, marking a key milestone in its global expansion strategy.
- Oando's acquisition of Nigerian Agip Oil Company boosts production capacity to 100,000 barrels per day, solidifying its leadership in Africa's energy sector.
- Oando shortlisted for Trinidads 15 billion Petrotrin refinery, signaling ambitions to expand into the Caribbean energy market.
Oando Plc, an integrated energy solutions provider led by Nigerian oil mogul Wale Tinubu, has secured a major win by emerging as the operator of Angolas Kwanza Basin Block KON 13.
This milestone marks a significant step in the companys efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.
Angola awards KON 13 to OandoOver the weekend, the National Agency for Petroleum, Gas and Biofuels ANPG, Angolas upstream petroleum regulator, announced the results of the Limited Public Tender for Block KON 13, located in the Kwanza Onshore Basin.
The tender process began on May 24, 2024, with bidding held on September 3. According to ANPG, Oando Energy has been designated the operator with a 45 percent stake in the block.
An additional 10 percent interest remains available for non-operating companies, to be awarded through a restricted competition involving unsuccessful bidders from the operator selection round.