Oando Plc (OAO)

Overview

Oando PLC is a prominent energy solutions provider with a widespread presence in Nigeria and an international footprint. The company, established in 1956 and originally known as Unipetrol Nigeria Plc, underwent a rebranding to Oando PLC in December 2003. With its headquarters located in Lagos, Nigeria, Oando operates primarily through its subsidiaries, covering a broad spectrum of activities in the energy sector. Its business operations are segmented into Exploration and Production, and Supply and Trading. Oando PLC not only plays a pivotal role in the exploration and production of oil and gas but also has substantial activities in the trading of crude oil and a variety of petroleum products. As a subsidiary of Ocean and Oil Development Partners Limited, Oando PLC has cemented its status as a key player in the energy industry, providing integrated energy solutions and services on a global scale.

Products and Services

• Exploration and Production

  Oando PLC is engaged in the exploration and production of oil and gas, contributing significantly to the energy supply in Nigeria and beyond. This segment is focused on discovering new oil and gas reserves and efficiently producing them to meet the increasing energy demands.

• Crude Oil and Petroleum Products Trading

  The company trades in a wide range of petroleum products, including naphtha, gasoline, fuel oil, gas oil, kerosene, and bitumen. Oando PLC's trading operations ensure the availability of essential petroleum products in local and international markets.

• Storage and Haulage

  Oando PLC is involved in the storage and haulage of petroleum products, providing essential logistics services that support the distribution and availability of these products across different regions.

• Distribution and Services

  It boasts a comprehensive distribution network for petroleum and gas products, coupled with trading and distribution capabilities. The company also provides various logistics and services essential for the energy sector, enhancing the efficiency of its supply chain.

• Aviation Activities

  The aviation sector also benefits from Oando PLC's services, with the company engaging in activities that support the aviation industry's fueling and operational needs.

• Financial Trading and Hedging Activities

  Oando PLC partakes in financial trading and hedging activities, ensuring financial stability and reducing market risks associated with the volatile energy market.

• Shipping and Chartering

  The provision of shipping and chartering services complements its exhaustive list of offerings, adding another layer to its logistics and transportation capabilities in the energy sector.