Oando

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Oando PLC

Company type	Public
Traded as	NGX: OANDO JSE: OAO
Industry	Oil and Gas
Founded	1956 (ESSO)
Headquarters	Victoria Island, Lagos, Lagos State, Nigeria.
Area served	West Africa
Key people	Adewale Tinubu (chief executive) Omamofe Boyo (DGCE) Ainojie Alex Irune(GED
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

Oando Plc is a Nigerian multinational energy company operating in the upstream, midstream and downstream.^[1]

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 (formerly known as Oando Downstream).^[2]

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.^[3]

Oando is Nigeria's indigenous oil and gas company with a production output of 43,000 barrels (6,800 cubic metres) per day of oil equivalent, enterprise value of N520 billion and market capitalisation value of N115.1 billion.