Post by Made in Nigeria (@MadeNigeria)

Oando Plc., a Nigerian company headquartered in Lagos State and listed on both the NGX Exchange and the Johannesburg Stock Exchange, has signed a Production Sharing Agreement for Block KON 13 in Angola.
With a 45% stake, Oando's subsidiary, Oando Exploration and Production Angola Limited, will operate the block. The other partners in the consortium are Effimax Energy – Serviços, Lda with a 30% stake, Sonangol Exploração & Produção with 15%, and Walcot Limited with 10%.

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