Oando targets 100,000bpd oil production

Oando targets 100,000bpd oil production

Oando Plc is looking to achieve 100,000 barrels per day (bpd) of oil production over the next five years, buoyed by the recent acquisition of the Nigerian upstream oil and gas assets of United States-based ConocoPhillips by its upstream business, Oando Energy Resources (OER).
The company is also poised to acquire more onshore and shallow water assets from international oil companies (IOCs) operating in the country.
The ConocoPhillips’ acquisition saw Oando emerge as one of the leading indigenous independent exploration and production (E&P) players in Nigeria, as measured by total reserves and production.
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