Wale Tinubu's Oando PLC signs production sharing contract for Angola's Block KON-13
Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
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Oando PLC has signed a production sharing contract for Angola's Block KON-13, marking the Nigerian energy group's first move into the Angolan upstream oil market.
Oando Plc posted a stronger profit in 2025 as rising oil and gas output offset lower revenue from trading shifts and strategic portfolio realignment.
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
Oando is a Nigerian integrated energy solutions provider.
Tinubu stated that 2020 was one of the most challenging years in the firm’s history.
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.