Oando, Gazprom to jointly develop West Africa assets

Oando has signed a memorandum of understanding (MOU) with Gazprom to jointly develop projects in multiple sectors of Nigeria's oil and gas industry.

Offshore staff

LAGOS, Nigeria -- Oando has signed a memorandum of understanding (MOU) with Gazprom to jointly develop projects in multiple sectors of Nigeria's oil and gas industry. Under the MOU, Oando and Gazprom have agreed to jointly develop oil and gas assets and infrastructure in the West African sub region and in the Gulf of Guinea.

“This alliance is another significant milestone for Oando in our commitment to world-class gas solutions delivery in sub-Saharan Africa,” says Wale Tinubu, group chief executive of Oando. “The Gazprom partnership will provide the leverage to further accelerate our gas development program, with us providing local technical expertise driven by the experience of developing pipeline infrastructure and our excellent execution capabilities, while Gazprom brings its wealth of experience as Europe's largest gas operator.”

10/19/2009

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