Leading energy solutions provider Oando Plc has won the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024.

The Africa Energy Chamber (AEC), the annual week-long oil and gas conference organisers, hosted and recognised different stakeholders at a Gala and Award night held at the Cape Town International Conference Centre (CITCC) on Tuesday.

Receiving the award was the Company’s Group Chief Executive, Wale Tinubu, remarked, “We are delighted and honoured to receive the ‘Deal of the Year’ award from Africa Energy Week. It’s been a remarkable year on many fronts. First, we marked our 30th anniversary as a business, then concluded our strategic plan to acquire our second IOC in a decade, Nigerian Agip Oil Company (NAOC), and step up to the operator role.

“This award is more than just an accolade for a successful deal closure; it represents a public acknowledgement of the culmination of 30 years of grit, hard work, resilience, and sheer belief in our vision. It is a testament to my belief that with the #HumansOfOando, the impossible is nothing. I want to thank the dream team, the #HumansOfOando, our financiers, and partners for their belief and role in making this award a reality.”

With this year’s AEW theme of “Invest in Africa Energies: Energy Growth Through an Enabling Environment,” the AEC, through the AEW Awards 2024, recognised other persons, International oil companies (IOCs), and National Oil Companies (NOCs) across the continent through awards in 10 categories

Tinubu also delivered a keynote address on transforming Africa’s Oil and Gas landscape through strategic Mergers and Acquisitions. During the address, he noted that Indigenous companies contribute approximately 30 per cent of the country’s crude oil production and hold around 40 per cent of the total oil reserves. Additionally, they account for 60 per cent of the country’s gas production and approximately 32 per cent of gas reserves. This data underscores the growing significance of local players in the African oil and gas sector.