Oando PLC is a Nigerian multinational energy company operating upstream, midstream and downstream. In July 2016, Oando entered into a tri-partite agreement with the Vitol Group, an independent trader of energy commodities and Helios Investment Partner, an Africa-focused private investment firm to form OVH.
Oando PLC was founded in 1956
Oando announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited.
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Oando PLC Information
| Industry | Oil and Gas |
|---|---|
| Founded | 1956 (ESSO) |
| Headquarters | Victoria Island, Lagos, Lagos State, Nigeria. |
|
Area served
|
West Africa |
|
Key people
|
Adewale Tinubu (GCE) Omamofe Boyo (DGCE) |
| Products | Crude oil, Natural gas, NGL |
| Revenue | ₦ 418.2M (2019-Q3) |
|
Net income
|
₦ 13.2 Billion (2019-Q3) |
|
Number of employees
|
300 |
| Subsidiaries | Oando Energy Resources
Oando Trading |
| Website | www.oandoplc.com |
- Recommended: 100 List of Richest companies in Africa 2023
Source – Wikipedia.
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