Oando of Nigeria Plans Substantial Increase in Production, Says CEO

The video discusses the company's production goals for 2018, including increasing output through strategic alliances. It highlights debt reduction efforts and potential new partnerships. The market dynamics, including pricing strategies and the impact of geopolitical factors, are analyzed. The video concludes with a discussion on future market risks and the need for stable pricing to support long-term investments.

What is the company's production target for the next three years?

• 100,000 barrels a day

• 50,000 barrels a day

• 200,000 barrels a day

• 10,000 barrels a day

How has the company managed its upstream debt over the past three years?

• Increased it to $1 billion

• Reduced it to less than $150 million

• Maintained it at $800 million

• Eliminated it completely

Why is the company focusing on opportunities within Nigeria?

• Lack of resources in other countries

• High production to reserve ratio in Nigeria

• Government incentives for international expansion

• Abundance of opportunities and resources in Nigeria

What does the company believe is necessary for the oil market?

• More government intervention

• Increased demand

• Stable price regime

• Higher production levels

What is a current challenge in the global oil market according to the transcript?

• Overpricing supply risks

• Lack of technological advancements

• Underpricing supply outages

• Excessive government regulation