Oando targets 100 k boepd with 62 new oil wells

The expansion, slated for the first half of 2026, will focus on deep‑water fields in the Niger Delta and onshore basins, with an estimated investment of $1.2 billion.

Oando expects the new output to lift its revenue by 15 % and improve its balance sheet ahead of a projected rise in crude prices.

Analysts note the aggressive growth plan could position Oando as a regional leader in the post‑pandemic recovery.