Oando completes pipeline repairs after multiple spills, restoring operations along the NNPC/Oando pipeline in Bayelsa State.
Oando launches pipeline replacement initiative to prevent future spills, collaborating with regulators and local communities.
Oando's 2024 financials show a 45 revenue surge, driven by higher crude output and favorable market conditions.
Oando Plc, one of Nigerias leading oil companies led by Wale Tinubuan oil mogul and nephew of President Bola Ahmed Tinubu, has completed repair work on damaged pipelines linked to a series of oil spills in Bayelsa State. It confirmed that four operational spills occurred along the NNPC Exploration and Production Ltd/Oando pipeline from October 2024 to May 2025.
The latest spill, reported on May 3 near the Ogboinbiri flow station in Southern Ijaw, prompted an immediate shutdown of crude delivery and activation of emergency response protocols. In line with our standard operating procedures, the affected wells were shut in, and containment measures deployed to limit environmental damage, said Alero Balogun, Oandos spokesperson. All repairs on the impacted sections have now been successfully completed.
Oando moves to mitigate future pipeline failuresTo prevent further incidents, Oando has initiated the sectional replacement of aging pipelines. The company worked in collaboration with regulatory bodies and the Ogboinbiri community to conduct Joint Investigation Visits JIVs, a required regulatory compliance measure in Nigerias oil and gas sector.xA0
The Nigerian oil major reaffirmed its commitment to environmental responsibility and its host communities. We are working diligently to support long-term sustainability in the region, Balogun added.
Wale Tinubu drives Oandos growth with strategic acquisitionsUnder Wale Tinubus leadership, Oando has continued to grow across the energy value chainfrom oil exploration and production to refining and trading. Formerly known as Unipetrol before its 2003 rebrand, the company operates through Ocean and Oil Development Partners, a joint venture in which Tinubu holds a 66.67 percent stake alongside Omamofe Boyo.