By Adedapo Adesanya Oando has projected to double its production to 50,000 barrels per day of oil equivalent with the closure of its landmark deal with Eni, which it says is imminent. This was disclosed by the oil and gas firm’s Chief Operating Officer, Mr Alex Irune, to S&P Global Commodity Insights at the weekend, noting that the firm intends to scale up to 100,000 barrels per day by 2029, thanks to new drilling and security improvements. The Nigerian company’s bid to buy the Italian major’s entire Nigerian upstream business reflects a major shift in Africa’s biggest oil producer, with
Oando to Double Production to 50,000bpd With Eni Deal
