Wale, many thanks for joining us today, for our readers who might be unaware of all that Oando PLC does, can you give us a brief overview of the company?
Oando Plc is an integrated Pan-African energy company with a plethora of assets spanning the entire energy value chain from the Downstream to the Upstream.
In the downstream, we possess the country’s largest distribution network with over 400 retail outlets and operations in Nigeria, Ghana, Benin and Togo. 7 terminals, 3 aviation fuel depots, 3 blending plants, and 10 LPG filling plants within Nigeria, approximately 15% of the country’s fuel requirement is currently supplied by Oando. We also recently completed construction of a 1km subsea pipeline which will result in substantial savings on our shipping costs and demurrage.
In the midstream, our focus is on infrastructure development and captive power solution. We have an extensive footprint of gas and power projects in the country having constructed over 250km of pipelines in Lagos and South East Nigeria and a power generated capacity of 22.25MW.
In our upstream services business, we own the country’s largest drilling fleet, with a market share of 40% in Nigeria. Our upstream E&P business boasts of 16 oil properties, with 7 currently producing circa 54,000boepd, the largest production by an indigenous company in Nigeria and Africa as a whole; contributing 3% of the Country’s total hydrocarbon production. We also have a large 2P Reserves base of 420MMboe.
The Company has a Market Capitalization of approximately US$1 Billion, with a primary listing on the Nigerian Stock Exchange, secondary listing on the Johannesburg Stock Exchange, and a subsidiary listing of our upstream E&P business on the Toronto Stock Exchange.
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Dear Partner,
ReplyDeleteWho we are and what we do...
We are UK based Financial Services company, we write to introduce our company as financial and investment brokers. Our company can assist you in seeing opportunities, securing project and investment loan funding, bank instruments (Bank Guarantee (BG), Standby Letter of Credit (SBLC)) to aid you secure funds appropriately from any global AAA+ rated banks or top investment house to fund your projects from mid- range to massive projects any where in the world.
Our area of specialisation focuses more on helping our clients with securing investment loan and leasing bank instrument (BG or SBLC) from AAA+ rated banks.
Contact us today if you have projects that require funding from 1M - 5B and we will be more than glad to advise and work with you.
Mr Ronald Rajnesh Gounder
Email: grounesh.advisory1@gmail.com
Skype ID: grounesh.advisory