Oando Plc has successfully commissioned the Obiafu-44 condensate well even as it recorded a significant production surge in the first nine months of 2025, averaging 38,121 barrels of oil equivalent per day (boe/d)—a 59% year-on-year increase.
The well, located onshore in Nigeria’s Niger Delta within the Obiafu-Obrikom fields (OML 61), was brought onstream in October following upgrades to its surface facilities aimed at improving flow assurance and minimising downtime.
The development was disclosed in Oando’s 9M 2025 report reviewed by The Bavijas Club.
Obiafu-44 is a gas and condensate-producing asset that became part of Oando’s portfolio after its $783m acquisition of Agip’s stake in the Nigerian Agip Oil Company (NAOC) joint venture in 2024.
The deal nearly doubled Oando’s reserves to 1 billion boe and granted it operatorship of the well.
Production from Obiafu-44 is expected to boost Oando’s gas and natural gas liquids (NGL) output and enhance operational efficiency across the JV portfolio.
The gas and condensate produced from the Obiafu field is typically processed at the Eni-operated Ob-Ob plant and helps feed the Okpai Power Plant in Delta State, contributing to Nigeria’s domestic power supply.
Oando’s output performance and outlook
Oando’s average daily production for the nine months ended September 2025 came in just below its first-half output of 37,012 boe/d, which had marked a 63% increase from 22,262 boe/d in H1 2024.
The company had also reported a dramatic surge in natural gas liquids (NGL) output during the first half of 2025, rising 375% year-on-year to 1,135 b/d. .
Oando, which owns a 12.5% stake in Shell-operated Bonga field, still maintains a realistic full-year production target of between 30,000-40,000 boe/d.
As of August, Oando said it was planning to drill three new wells and carry out six rig-less interventions to enhance output.
It has committed between $250-270m in capital expenditure to support this continued production ramp-up and infrastructure development, despite revenue pressures.
Gas currently accounts for more than 60% of Oando’s production, and the company has set an ambitious output target of reaching 100,000 b/d of oil and 1.5 bcf/d of gas before 2030.