We are Nigeria’s leading indigenous oil company with investments spanning the entire energy value chain. In our pioneering commitment to Nigeria, we will continue to deepen our diversified energy platform whilst simultaneously delivering unparalleled value well into the future.

 

Through innovative management, consistent value creation and an enabling environment, we have evolved from a traditional downstream company to your integrated energy solutions provider.

 

Nigeria’s leading oil retailer.   

Oando’s leadership position as Nigeria’s foremost integrated energy company is associated with our successes in the petroleum products marketing business.

 

As the nation’s leading oil retailer, with one in every five litres of petroleum products being sold or distributed by Oando via its 500 retail outlets and strategically located terminals, we have continuously ensured products supply and availability in Nigeria and West Africa.

 

In our bid to improve the overall efficiency of the industry and to lower product cost for the consumer, we are poised to construct the largest products terminal in sub-Saharan Africa in Lekki free zone and an offshore sub-marine pipeline delivery system in Apapa. With human capabilities backed with world-class standards, Oando Marketing will continue to serve Nigeria as the leading retail oil marketing company for years to come.

 

In 2004, Oando consolidated its global oil supply and trading businesses to emerge as sub-Saharan Africa’s largest, independent and privately-owned oil trading company. Today, Oando imports a significant portion of Nigeria’s petroleum product requirements.

 

Oando Supply & Trading also maintains a presence in the world’s products freight market in terms of vessels chartered on spot and time basis for the delivery of oil and oil products to various customers globally.

 

With a track record of 100% delivery on all its supply contracts, consolidating its existing markets, Oando Supply and Trading has positioned itself as the supplier of choice for products supplies in the West African sub region.

 

We pioneered the private sector piping and distribution of natural gas to industrial and commercial consumers.

 

With 100km of pipes already laid in Lagos State, and another 124 km in progress in Akwa Ibom/Cross River States, while aggressively seeking other franchises in Nigeria and the West African sub-region, Oando has taken bold steps towards building sub-African’s largest gas pipeline network. In the near future, Nigerian citizens and industries will begin to enjoy for centuries, the benefits of a cheaper, cleaner and safer fuel from Oando’s integrated gas pipeline network.

 

Our power business will contribute several captive power plants to the Nigerian market this year as we position to be a major player in the Nigerian electricity industry, whilst we stand ready to actively participate in the proposed power sector liberalisation.

 

We made a bold entry in the oil & gas upstream services via Oando Energy Services – an integrated oilfield services company. In demonstration of our high level of technical capabilities, the company won competitive oilfield service contracts in excess of $150 million in Nigeria in 2009.

 

With the aim of being Nigeria’s largest indigenous oilfield services firm and encouraged by the renewed local content drive in Nigeria, we commenced our $500 million five-year investment plan with the acquisition of two oil drilling rigs for approximately $100 million for use in the Niger delta.

 

This company has also recently acquired a third oil rig to boost its drilling services.

 

Our audacious steps in the upstream sector were boosted with the acquisition of oil/gas oilfields by Oando Exploration and Production Limited during the oil bloc bidding rounds.

 

Oando is the operator of two oil blocks – OPL 278 and OPL 236. The company is also a Nigerian Content Partner with AGIP Oil on OPL 282 and has a 45% interest in a marginal field, OML 56. These fields are in different stages of development and will significantly increase Nigeria’s oil and gas reserves.

 

We are also currently actively seeking investments in near-term production opportunities.

 

Developing a 360,000bpd capacity Greenfield refinery in Lagos State