Oando Energy announce pipeline closure

Oando Energy Resources Inc, a company focused on oil exploration and production in Nigeria, said it has been informed by Nigerian Agip Oil Co Ltd (NAOC) of evidence of leakages on the 10 inch Kwale-Akri oil delivery line, causing NAOC to temporarily close the pipeline.

NAOC has been unable to inspect the line to determine the extent of damage, as flooding due to bad weather has caused the area to be inaccessible. All production through this pipeline will be temporarily shut-in pending NAOC’s ability to access, inspect, and repair the line.

The Ebendo Field currently exports its production through this pipeline to the Brass export terminal. The company will provide operational updates to investors on the progress of these repairs as they become available.

Oando Energy owns a 42.75 per cent non-operating interest in the Ebendo Field (OML 56).

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