Key Points
- Oando Plc plans to increase crude oil production to 100,000 barrels per day and gas output to 1.5 billion standard cubic feet daily over five years.
- The company is one of three finalists for the 15 billion Trinidad and Tobago petroleum refinery, highlighting its global expansion strategy.
- Since rebranding in 2003, Oando Plc has become Nigeria's leading energy provider under Tinubus leadership, with operations across all energy sectors.
Oando Plc, an integrated energy solutions provider led by Nigerian oil magnate Wale Tinubu,has announced plans to ramp up its crude oil production to 100,000 barrels per day and increase gas output to 1.5 billion standard cubic feet daily within the next five years.
The announcement came during a meeting between Oandos Managing Director, Ainojie Alexander Irune, and Rivers State Governor Siminialayi Fubara at the Government House in Port Harcourt. Irune highlighted the companys focus on deepening regional investments while working closely with local governments and host communities.
Oando is one of three finalists in a competitive bidding process for Trinidad and Tobagos 15 billion petroleum refinery, showcasing the companys ambition to extend its reach beyond Nigeria and strengthen its international energy presence.
Collaboration key to growthIn a statement from Governor Fubaras Chief Press Secretary, Nelson Chukwudi, Irune emphasized that a stable environment and local partnerships are essential for achieving Oando's ambitious production targets.
