Oando Wins Bid for Angola’s Block KON 13 in Energy Expansion Drive
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Oando Plc, Nigeria’s foremost indigenous energy solutions provider, has announced a significant breakthrough in its continental expansion strategy with the award of operatorship for Block KON 13 in Angola’s Onshore Kwanza Basin. The achievement follows a competitive bidding process overseen by the Angolan National Agency for Petroleum, Gas, and Biofuels.
In a statement released by the company’s Secretary, Mrs Ayotola Jagun, Oando’s upstream subsidiary, Oando Energy Resources (OER), will lead the development of the block with a 45% participating interest. Effimax holds a 30% stake, while Angola’s national oil company, Sonangol, retains 15%.
Block KON 13, strategically located in the prolific Kwanza Onshore Basin, is said to possess significant exploration potential. The region boasts estimated prospective resources of 770 to 1,100 million barrels of oil, with oil and gas observed in previously drilled wells.
Expanding African Footprint
Expressing his enthusiasm, Oando’s Group Chief Executive, Wale Tinubu, stated, “I am thrilled by our successful bid and award of Block KON 13 in Angola. This milestone underscores Oando’s relentless commitment to expanding our footprint across Africa and contributing to the continent’s energy-sufficiency goals.
“I am confident in our ability to leverage our expertise to develop and maximise the value of this asset. We look forward to collaborating with our co-venturers and other key stakeholders to harness this opportunity and unlock its full potential for Angola and Africa as a whole.”
The acquisition of Block KON 13 marks Oando’s entry into Angola’s oil and gas sector, further solidifying its ambition to become a dominant regional player. Tinubu highlighted that the milestone is not just a win for the company but a significant step towards realising its long-term vision of driving energy growth and security across Africa.
Building a Regional Powerhouse
Oando’s latest success comes on the heels of its recent acquisition of NAOC Ltd in Nigeria, further strengthening its position as a major force in the African energy sector. The company’s portfolio now spans 14 oil and gas assets across Nigeria, São Tomé and Príncipe, and Angola.
The company also boasts extensive infrastructure capabilities, including over 22,447 square kilometres of acreage, a production capacity of 483,000 barrels of oil per day, a gas handling capacity of 3.6 billion standard cubic feet per day, a 1GW power plant, and a network of pipelines extending over 1,255 kilometres.
“The addition of Block KON 13 bolsters Oando’s upstream portfolio and reflects its commitment to driving regional growth and energy security,” the statement concluded.
As Oando takes its first steps into Angola, the move is seen as a strategic consolidation of its reputation as an energy leader, transitioning from a local Nigerian operator to a continental powerhouse in Africa’s oil and gas industry.
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