Oando grows half year revenue to N2.1trn
The company’s average daily production rose by 16 per cent to 42,789 barrels of oil equivalent per day (boepd), from 36,836 boepd recorded in the corresponding period of 2025.“Operational efficiency underpinned our performance as we strengthened asset integrity, improved facility reliability and reinforced security across our operating areas, resulting in average facility uptime of 92 per cent while reducing production operating costs by 18 per cent to 16.
Production growth comprised a 19 per cent increase in crude oil output to 12,358 barrels per day, a 14 per cent rise in gas production to 28,497 boepd and a 16 per cent increase in natural gas liquids production to 1,935 boepd.
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