Oando Says We Are Not Selling Our Oilfield Company.
Oando Plc has denied having any discussion with three investors on selling the Oando Energy Services (OES), its oilfield services division.There were reports that the company planned to conclude the sale in the next two months to raise $330million for the acquisition of the ConocoPhillips’ Nigerian assets.
But the spokesman of Oando, Dr. Alex Irune, said in a statement Wednesday that the company had no plans to sell its oilfield business.
