In 2000, Ocean and Oil, a private investment company led by Nigerian entrepreneurs Adewale Tinubu and Omamofe Boyo acquired a 30% controlling interest in Unipetrol Plc.

The gas infrastructure has the capacity to deliver up to 100 million cubic feet per day (2.8 million cubic metres per day) at standard pressure of natural gas and will deliver an initial 22 million cu ft/d (620 thousand m3/d) of gas to its maiden customer, United Cement Company (UNICEM), to fuel its new 2.5million metric tonnes per annum cement plant, located in Mfamosing, Akampka Local Government Area of Cross River State.

In 2012, Oando Exploration and Production Limited ("OEPL") signed a farm-in agreement with Network Exploration & Production Nigeria Limited ("NEPN") for the acquisition of 40% participating interest in the Qua Iboe field (OML 13) subject to the consent of the Minister of Petroleum.

[8] In 2013, Oando Plc succeeded in raising over N55.2 billion from the capital markets as its Rights Issue recorded 101 per cent subscription.

[9] In 2014, Oando divested the 128 km Eastern Horizon Gas Company (EHGC) franchise in a $250 Million transaction with Seven Energy.

The Commission ordered the resignation of board members implicated and barred "...the Group Chief Executive Officer (GCEO) and the Deputy Group Chief Executive Officer (DGCEO) of Oando Plc from being directors of public companies for a period of five (5) years".

The settlement reached by the parties was aimed at preventing further market disruption and harm to Oando PLC’s shareholders.

As a result, Oando’s directors and management team have the opportunity to fully focus on business operations whilst continuing to ensure that it is in compliance with all governing statutes.

Exploration and Production: 2017 Average Net Production was 40,188 barrels (6,390 m3) per day of oil equivalent Assets Portfolio: 14 Producing Development & Exploration Assets: Trading: C 7% of Nigeria's Fuel Requirement is Supplied by Oando Trading OVH Energy: > 320 Retail Outlets Operations in Nigeria, Ghana, Benin and Togo Oando PLC is organized functionally into a number of operating divisions.