Oando Plc

Directions Website Contact the business

Oando Plc Oando PLC is Africa’s leading indigenous energy company operating in the upstream sector, with interests in the downstream.

We have a primary listing on the Nigerian Stock Exchange and are the first African company to have a cross-border inward listing on the Johannesburg Stock Exchange. In 2014, Oando acquired ConocoPhillips’ Nigerian business through its upstream subsidiary, Oando Energy Resources (OER), making it the country’s leading indigenous oil and gas producer. OER has a portfolio of oil and gas assets in Nigeria and Sao Tome & Principe. It holds interests in 14 licences for exploration, development, and production of oil and gas concessions with a net average production currently at ~45,000 boepd. Oando Trading DMCC (OTD) is a supply and trading company and a fully-owned subsidiary of Oando PLC. OTD is a key participant in international oil markets with a significant presence in the West African region, and direct access to major energy markets across Africa via its offices in the United Arab Emirates, South Africa and Nigeria. In the past year, the company exported 57 million barrels of crude oil jointly with its JV partners and traded just under 3 million metric tonnes of refined petroleum products.

24/09/2026

In this sidebar, Ademola Akinrele SAN, Chairman, Oando PLC, shares his perspective on the opportunity within the company's expanded asset base and what it will take to realise more.

Greater liquidity and working capital will support the development of these assets, while a stronger upstream business creates room for our wider portfolio to grow and contribute more to the Group.

Hear our Chairman’s outlook.

Adeola Ogunsemi, Group Chief Financial Officer, spoke to the financial measures supporting our next phase, including imp...
23/09/2026

Adeola Ogunsemi, Group Chief Financial Officer, spoke to the financial measures supporting our next phase, including improved cash flow, stronger liquidity and a gradual reduction in leverage, at our 47th Annual General Meeting.

He also highlighted the significant reduction in the retained earnings deficit during 2025, bringing us closer to the position required for dividend declaration.

Our priority is to build on this progress and translate a stronger financial position into sustainable returns for our shareholders.

22/09/2026

At Gastech 2026, we joined industry leaders as the global energy community examined how to meet rising demand while supporting Africa’s development.

Ainojie ‘Alex’ Irune, MD, Oando Energy Resources, spoke to the urgency of keeping Africa developing, while recognising that it is a conversation about an energy basket that is reliable and affordable.

Speaking at our 47th Annual General Meeting, our Group Chief Executive, Wale Tinubu, outlined the opportunity ahead for ...
22/09/2026

Speaking at our 47th Annual General Meeting, our Group Chief Executive, Wale Tinubu, outlined the opportunity ahead for us and the work required to realise it.

With a significantly expanded asset base, the priority now is ex*****on, strengthening operations, reducing disruptions, restoring wells and getting more from the assets across the business.

H1 2026 revenue rose 20% to ₦2.1 trillion, showing that the strategy is translating into results.

But behind every number is the same goal, creating lasting value for the shareholders who have journeyed with us. That work continues, with our shareholders front of mind every step of the way.

21/09/2026

Production depends on security, but security itself depends on people.

In this AOW 2026 Sidebar, Kofo Olagunju, General Manager, Security, Govt & External Relations, Oando Energy Resources, shares his perspective on stakeholder engagement, local capability and what it will take to build a more secure future for Africa’s energy industry.

Hear more from Kofo.

At our 47th Annual General Meeting, our Chairman, Ademola Akinrele SAN, reflected on the significant progress we have ma...
21/09/2026

At our 47th Annual General Meeting, our Chairman, Ademola Akinrele SAN, reflected on the significant progress we have made over the past two years; from expanding our resource base and assuming operatorship of one of Nigeria’s most important upstream portfolios, to strengthening our infrastructure position.

And as he closed the AGM, he took a moment to speak directly to our shareholders, thanking them for the depth and insight of their questions, their passion, their patience and the confidence they have continued to place in us.

“We may walk slowly, but we never walk backwards.”

A reminder of the journey we have taken together, and of our commitment to keep moving forward.

19/09/2026

A milestone year. A moment to reflect. An opportunity to look ahead.

On Thursday 17th September, we held our 47th Annual General Meeting (AGM), bringing our shareholders together with the Board and management to reflect on the progress we made during our first full year of operations following the NAOC acquisition.

It was an opportunity to share what we delivered in 2025, answer questions from our shareholders and talk about where we’re headed next.

2025 was a year of progress. The journey continues.

This week at GASTECH 2026, Dr. Ainojie 'Alex' Irune, MD, Oando Energy Resources, will speak on powering the next phase o...
15/09/2026

This week at GASTECH 2026, Dr. Ainojie 'Alex' Irune, MD, Oando Energy Resources, will speak on powering the next phase of industrial growth as energy demand rises across emerging economies.

Industrialisation, electrification and digital infrastructure are creating new demands for reliable energy. Meeting them will require the right mix of energy supply, infrastructure and investment, with LNG positioned to play an important role in supporting growth.

Follow Oando PLC for more updates from GASTECH 2026.

14/09/2026

OGAP looks fancy on paper, but living it is a different story. For Tobe, it has been rotations, field work, long days and missing a few parties.

He came into OGAP wanting to learn as much as possible about an industry that was new to him. Nine months in, he’s been on the rig, gotten his hands dirty and seen the work up close.

And if anyone thought Tobe was the quiet type? Well, he has something to say about that too.

Meet Tobe, halfway through his OGAP experience.

Ayotola Jagun, Executive Director, Chief Corporate Services and Sustainability Officer, Oando PLC, joins KPMG's Sustaina...
09/09/2026

Ayotola Jagun, Executive Director, Chief Corporate Services and Sustainability Officer, Oando PLC, joins KPMG's Sustainability Breakfast Session at Propak West Africa 2026 to speak on "Unlocking Industrial Value through Circularity and Resource Optimisation."

Drawing on Oando’s broader strategy of optimising existing infrastructure to unlock incremental yield, her session will spotlight how resource efficiency is fast becoming a defining measure of long-term industrial value.

Follow Oando PLC for updates from the conversation.

Address

11th Floor, The Wings Office Complex, V/I
Lagos

Website

Alerts

Be the first to know and let us send you an email when Oando Plc posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Oando Plc:

Shortcuts

Share

Category