Oando PLC Wins Africa's Oil & Gas Deal of the Year Award for NAOC Acquisition

Oando PLC has been honored with the Africa's Oil and Gas Deal of the Year Award for its acquisition of Nigerian Agip Oil Company Limited (NAOC), a subsidiary of the Italian multinational energy company Eni. The prestigious award recognizes Oando's strategic move in the upstream merger and acquisition sector, solidifying its position as a key player in Nigeria's indigenous energy market.

The transaction is lauded for expanding Oando's operational asset base, increasing reserves capacity, and positioning the company as a leader in the Nigerian energy landscape. The award underscores Oando's commitment to excellence and adherence to global standards in complex deals.