Oando plc relocates its head office to the Wings

Oando plc relocates its head office to the Wings

Oando plc has formally informed the general public of the relocation of its head office effective from Monday, December 4th, 2017.

The Company’s new head office address is as follows: 9th – 12th Floor, The Wings Office Complex, 17a Ozumba Mbadiwe, Victoria Island, Lagos.

About Oando plc

Oando Plc is Africa’s leading indigenous energy company operating in the upstream, midstream and downstream.With a primary listing on the Nigerian Stock Exchange, it’s the first African company to have a cross-border inward listing on the Johannesburg Stock Exchange.

In 2014, it concluded the acquisition of ConocoPhillips’ Nigerian business through its upstream subsidiary, Oando Energy Resources, making it the country’s largest indigenous oil and gas producer.

In July 2016, Oando entered into a tri-partite agreement with the Vitol Group, the world’s largest independent trader of energy commodities and Helios Investment Partner, a premier Africa-focused private investment firm to form OVH (formerly Oando Downstream) the nation’s leading supplier and distributor of refined petroleum products.

In September 2016, 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.

Oando is Nigeria’s largest indigenous oil and gas company with a production output of 43,000 boepd, enterprise value of N520 billion and market capitalisation value of NGN115.1 billion.