Oando forecasts 2026 capital expenditure of $90 million-$100 million
Bitget2026/10/30 18:20- Oando forecasts 2026 capital expenditure of $90 million-$100 million.
- Production is forecast at 40,000-45,000 boepd, versus 42,985 boepd in the first nine months, up 14% year over year.
- Full-year trading volumes are projected at 22 million-26 million barrels.
- A medium-term production target of approximately 100,000 boepd is supported by 62 identified development wells.
- A ₦220 billion Rights Issue is expected to lower leverage and interest costs; borrowings fell ₦533 billion in the first nine months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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