Thursday , May 28 2020

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Afren obtains $50m deferral on payment

Funmilayo Dodondawa, Lagos Afren Plc, a major exploration and producing company, has obtained $50 million amortization payment from lenders of its $300 million facility. The company stated in a statement that Afren has obtained from the lenders of the $300m Ebok debt facility a further deferral of the US$50m amortization …

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Oando Energy Resources Increases its Production in Qua Iboe field

Funmilayo Dodondawa, Lagos Oando Energy Resources has announced the completion of all civil and pipeline works associated with the Qua Iboe field, crude delivery and sales infrastructure with commercial production at 2,150 boepd Gross. The company which focuses on oil and gas exploration and production in Nigeria, also holds a …

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