Strategic Alliance

Oando

 

Oando Overview:

  • Largest publicly quoted energy company in Nigeria and sub-Saharan Africa’s largest indigenous energy company, based on revenues ($4.3bn in 2012)
  • Headquartered in Lagos, Nigeria
  • Primary listing on the Nigerian Stock Exchange with a secondary listing on the Johannesburg Stock Exchange. It also has an upstream listing on the Toronto Stock Exchange
  • Commenced business as a petroleum marketing company in Nigeria in 1956

Oando has since diversified across the full value chain of the oil and gas spectrum.
Integrated across:

  • Upstream through Oando Energy Resources and Oando Energy Services
  • Midstream through Oando Gas & Power
  • Downstream through Oando Marketing and Oando Terminal and Logistics, Oando Supply & Trading and Oando Refining & Terminals

Oando is a leading indigenous oil and gas company in Nigeria with an excess turnover of $4.3bn per year, and with a further aim of becoming Africa’s largest integrated energy group.
There is a Mutual Cooperation Agreement in place between Oando and Orlean Group with the aim of developing synergies between the two partners in the Oil and Gas sector.
The following projects have already been identified and are on-going:

  • Downstream gas and power supply/gas pilpelines
  • Independent power plants (Phase 1: Onne and Lagos)
  • Airstrips: Onne and Lekki
  • JV company owning land/swamp rigs

Oando together with Orlean Group is also playing a major role in the development of the Badagry Port.


Oando Group recently acquired all the Nigerian oil and gas activities of Conoco Phillipps.

The Onshore Business consists of:

  • A 20% interest in NAOC JV (Eni operator), which owns four producing Oil Mining Leases (OMLs 60,61,62,63), related infrastructure and facilities (including the Brazz River crude oil terminal and the Kwale-Okpai Independent Power Plant (“Kwale-Okpai IPP”) and
  • A 17% shareholding interest in Brass LNG Ltd., which is the incorporated joint venture formed to execute the greenfield Brass LNG project, that will be located near the Brass River Terminal.

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The Offshore Business consists of:

  • A 47.5% interest in deepwater OML 131 (COP operator), containing the Chota field; and
  • A 20% interest in deepwater OPL 214 (ExxonMobil operator) containing the Uge field.

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The Nigerian Government has Adopted Policies to Promote Participation of Indigenous Nigerian Companies, like Oando

DESCRIPTION
ASSESTS
UPSTREAM DIVISION

Exploration & Production

Energy Services

  • OER listed on the TSX
  • 94.6% ownership of OER
  • Producing assets: OML 125 & OML 56.
  • Development & appraisal: OML 134, OML 90, OML 13 & OPL 236
  • Exploration: OPL 278, OPL 282, OPL 321, OPL 323, OML122,  JDZ, Block 26 & Rubai Licenses
  • Largest swamp drilling fleet in  Nigeria servicing IOCs
  • 4 swamp rigs:  3 in contract and 1 in refurbishment
  • Drill bits and engineering services
  • Total fluids management
MIDSTREAM DIVISION

Gas & Power

  • First private sector company to  enter gas distribution in Nigeria
  • 3 gas pipeline franchises
  • 1 IPP
  • Gas Pipeline franchise:  GNL: 100km Lagos, EHGC: 128km East, CHGC: 5km East
  • Akute & Alausa captive Power Plants
  • Compressed Natural Gas Facility
  • Central Processing Facility
DOWNSTREAM DIVISION

Supply & Training

Marketing

  • Largest indigenous supply and trading player in the sub-Saharan  region
  • 15% market share in PMS importation
  • Trading desks and operations in Nigeria and Bermuda
  • Trading consultants in the UK and Singapore
  • 28% market share in Nigeria
  • Large distribution footprint with  access to over 1,500 trucks and  150m litres storage capacity
  • 338 retail outlets in Nigeria, Ghana and Togo
  • 8 terminals (159.5ML)
  • 3 Aviation fuel depots
  • 2 lube blending plants (55m litres / annum)
  • 7 LPG filling plants

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Contacts

Office Location
5th, 7th-10th Floor
2, Ajose Adeogun Street
Victoria Island, Lagos, Nigeria
Tel: 234-1-2702400
E-mail: info@oandoplc.com
Website: www.oandoplc.com

Strategic Alliance