Wrap Text
Construction of 614km Ajaokuta-Kaduna-Kano Gas
Pipeline Project
Oando PLC
(Incorporated in Nigeria and registered as an external company in South Africa)
Registration number: RC 6474
(External company registration number 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
(“Oando” or the “Company”)
Oando Attends Presidential Flag Off Ceremony for Construction of 614km Ajaokuta-Kaduna-Kano Gas
Pipeline Project
Lagos, Nigeria – Following an official press statement and update to the market on April 19, 2018, Oando
PLC (referred to as “Oando” or the “the Company”), is pleased to announce to the Company’s attendance
as a consortium partner at the flag-off ceremony for the construction of the $2.8billion, 40 inch by 614km
Ajaokuta-Kaduna-Kano Gas Pipeline Project (the “AKK Pipeline”), by the President of the Federal
Republic of Nigeria, Muhammadu Buhari GCFR on Tuesday, June 30, 2020.
The AKK Pipeline Project, championed by two consortia comprising select indigenous and international
companies commenced in 2013 with the announcement for tenders by the Nigerian National Petroleum
Corporation (NNPC). In April 2018, the Company announced that following an extensive due diligence
and bid process, the Oilserv-Oando PLC consortium was awarded the Engineering, Procurement, and
Construction (EPC) mandate for segment 1, accounting for 40” by 303.4km linear pipeline system for the
Ajaokuta to Kaduna portion of the AKK Pipeline Project by the NNPC.
The AKK Pipeline Project which will originate from Ajaokuta in Kogi state, traversing Abuja, Niger,
Kaduna states, finally terminating in Kano state is the largest gas pipeline project in Nigeria’s history. The
project, expected to be completed within a 24-month timeline, is a 614km section of the Trans-Nigeria
Gas Pipeline (TNGP) with the capacity to transport about 2.2billion cubic feet of gas per day. It will boost
domestic utilization of natural gas for Nigeria’s social economic development when completed.
The project will support the addition of 3,600 megawatts of power to the national grid and connect energy
demand from the Northern part of Nigeria with supply from the South thereby enabling power-starved
communities across the Northern region to have greater access to electricity. In addition, it will provide
stranded commercial and industrial customers with a cleaner, more efficient source of self-generated
energy. The project will enhance uptime at industrial clusters, enabling heavy duty plants in Northern
parts of the country to return to internationally competitive operations. Furthermore, it will significantly
curb gas flaring in the Niger Delta and guarantee better air quality in the oil producing region whilst
preserving the ecosystem.
Commenting on the AKK Pipeline Project, the Group Chief Executive, Oando PLC, Jubril Adewale
Tinubu, said: “As a proudly Nigerian company, focused on driving indigenous participation we have
always been proponents of public private partnership in accelerating the actualization of the nation’s
goals. We have aspired to play an integral role in the building out of the National Gas Infrastructure and
Pipeline Grid, as evidenced by our efforts in 2009, post the Nigerian Gas Masterplan when we
participated in the unrealized Calabar- Ajaokuta- Abuja-Kano (CAAK) line. We have developed strategic
partnerships with both private sector players and the NNPC in bringing sustainable solutions to spur the
development of the country via our numerous gas development and distribution projects. We commend
the NNPC for spearheading projects that will soften the headwinds occasioned by the global COVID-19
pandemic. We are proud to be active participants in driving the country’s industrialization and
actualization of the Gas Master Plan which will undoubtedly create employment opportunities and
ultimately generate as well as enhance value for the nation.”
Oando has a corporate history of many firsts and successes in the gas and power sector. The Company
was the first private sector player to enter gas distribution in Nigeria and pioneered gas distribution in the
Greater Lagos area with the aim of spurring industrialization. With over 280km in gas pipeline
infrastructure built, the Company has also been able to provide unique energy solutions through its
erstwhile subsidiaries:
Gaslink Nigeria Limited whose gas pipeline network spans Ijora through Lagos Island’s Marina axis
The East Horizon Group Company which operates a natural gas transmission and distribution pipeline
traversing Akwa Ibom and Cross River States
The Central Horizon Group Company, focused on the rehabilitation, operation and expansion of the
existing natural gas distribution network in the Greater Port Harcourt City and Trans-Amadi area.
Other notable gas projects under the Company’s name include the development and management of the
Alausa and Akute Independent Power Plants as well as a Compressed Natural Gas Plant that delivers
CNG to industrial customers within a 250km radius of the Mother Station in Lagos. All gas infrastructure
projects that offer clean and affordable energy solutions, which equate to significant cost advantages for
industries across the country.
About Oando PLC:
Oando PLC is Africa’s leading indigenous energy company operating in the upstream sector, with
interests in the downstream. The Company has a primary listing on the Nigerian Stock Exchange and is
the first African company to have a cross-border inward listing on the Johannesburg Stock Exchange.
In 2014, Oando acquired ConocoPhillips’ Nigerian business through its upstream subsidiary, Oando
Energy Resources (OER), making it the country’s leading indigenous oil and gas producer. OER has a
portfolio of oil and gas assets in Nigeria and Sao Tome & Principe. The Company holds interests in 14
licenses for exploration, development, and production of oil and gas concessions with a net average
production currently at 53,000~boepd.
Oando Trading DMCC (OTD) is a supply and trading company and a fully-owned subsidiary of Oando
PLC.
About Oilserv Limited:
Oilserv Limited was incorporated in 1992 and commenced operations in 1995. Oilserv is a leading
provider of integrated Engineering, Procurement, Construction, Installation & Commissioning (EPCIC)
services and complementary solutions across the asset and program life cycle within the onshore,
offshore and subsea market segments of the oil and gas sector.
The Company has pooled the expertise of highly qualified and experienced Engineers, Technicians and
other support Personnel to provide Total Quality Services (TQS) to the Multinational, Local Oil & Gas and
Power Companies/Industries operating in Nigeria for Onshore & Offshore activity. Oilserv has
successfully delivered over 17 projects in the country including the EPC of the 67 kilometre Obiafu /
Obrikom to Oben (OB3) 48 inch diameter Gas Transmission Pipeline System as well as four major gas
projects for Oando PLC - the upgrade of the Ikeja/NGC City Gate, EPC for the Akute Independent Power
Plant, 18” by 128km South-South Gas Transmission Pipeline System from Ukanafun in Akwa bom State
to the Unicem plant in Calabar and Greater Lagos Phases I, II, III and IV Gas Distribution Network
Systems.
For further information, please contact:
Ayotola Jagun
Company Secretary
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
ajagun@oandoplc.com
Alero Balogun
Head, Corporate Communications
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, ext. 6761
albalogun@oandoplc.com
For Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary
Lagos
1 July 2020
Sponsor: Sasfin Capital (a member of the Sasfin Group)
Date: 01-07-2020 07:10:00
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