Oando Nigeria PLC Company Profile

Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage. It has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP), the Oando Group comprises six companies who are leaders in their market:

Exploration and Production, Energy Services, Gas and Power, Downstream.

Oando is a Pan- African multinational energy corporation. Headquartered in Lagos, Nigeria, and active in various African countries, it is engaged in every aspect of the energy value chain, including Petroleum marketing, exploration and production; refining, and power generation. Oando is Nigeria’s largest non-government owned company in the energy industry. It is the first Nigerian company to achieve a dual listing on both the Nigerian and Johannesburg Stock Exchanges, and Nigeria’s largest oil company with a market capitalization in the region of $1billion.

From its beginnings as a fuels marketer, the company has grown to become a Sub-saharan integrated energy company. Oando currently operates a group structure consisting of six subsidiaries across the energy value chain. The company plans to become Africa’s energy major.

Oando employs close to 1,000 personnel in various West-African countries. Oando Marketing Limited, the company’s downstream subsidiary owns Nigeria’s largest petroleum retail network with over 600 Petrol stations. Oando Supply & Trading, another subsidiary of the company is Nigeria’s largest independent importer of PMS. Oando Supply and Trading imported up to 4 million metric tons of white products into Nigeria between 2007 and 2009. In the Upstream sector, Oando Exploration & Production (OEPL) is the operator of two oil blocks in Nigeria’s Niger Delta region – 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.

Oando has been a beacon of Nigeria’s local content law which seeks to increase indigenous participation in the oil and gas industry.

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