History and Future Strategy of Oando
Strategy
TO BE THE LEADING INDIGENOUS E&P PLAYER ON THE AFRICAN CONTINENT
500/100
mmboe
kboepd
MIDCAP COMPANY: MARKET CAPITALISATION > $2BN
Oando
2015
Current
• Production of ~55 kboepd (9M Sept 2015 Average)
• 2P Reserves of 420mmboe
• Maintain production on OMLS 60 - 63 (Production
optimisation)
• Maintain production levels on Abo field (OML 125)
through drilling and completion as well as FPSO life
extension
• Maintain production levels from Ebendo (OML 56)
through facility & pipeline enhancements
• Complete facility enhancements to maintain
production on Qua Iboe (OML13)
2017
Mid-Term
• Production Target: > 80kboepd
• Reserves Replacement Ratio Target of 1:1
Organic Growth: Accelerated development on
OMLS 60-63
Inorganic Growth: Take advantage of
indigenous status by participating in FGN bid
rounds and IOC divestment programmes
•
2019
Long-Term
Production Target: >100kboepd
• 2P Reserves Target: >500mmboe
20
20
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