About Oando PLC

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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

Source – Wikipedia.

 

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