Hunton Andrews Kurth LLP served as the legal advisor of Oando Oil Limited, an upstream subsidiary of Oando PLC (“Oando”), Nigeria’s leading energy solutions provider listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange on the successful completion of a major Reserve Based Lending (RBL) financing in Nigeria.

This financing is a significant milestone in Oando’s long-term strategy to further develop its upstream operations and strengthen its position in the Nigerian oil and gas sector.

“This is a very significant financing for Oando,” said Oando PLC’s Chief Legal Officer, Efuntomi Akpeneye. “The Hunton team provided invaluable advice and support through to financial close of this transaction. Their deep sector experience and thorough understanding of financing terms in the oil and gas industry were critical to the successful completion of the transaction.”

“We are delighted to have advised Oando on this important financing,” said Hunton Lead Partner, Dimitri Papaefstratiou. “We wish the Oando team well with this exciting next stage in the development of its business which will drive the future growth of the company.”

The Hunton energy team was led by London Partner Dimitri Papaefstratiou. Other team members included Alex Cunningham, Joseph Lam and Edgar Thornton.