OpeOluwani Akintayo
06 November 2017, Sweetcrude, Lagos — Oando Plc’s midstream subsidiary, Oando Gas & Power, OGP, has been rebranded to Axxela Limited.
In a statement by the company’s Chief Compliance Officer & Company Secretary, Ayotola Jagun, and its Head, Corporate Communications, Alero Balogun, said the renaming was as a result of partial divestment of OGP to Helios Investment Partners.
Providing an update on the activities of Axxela, Oando said the company was appointed as a shipper on the West Africa Gas Pipeline, positioning it to supply gas along the West coast.
Axxela has also completed the Greater Lagos IV, GLIV, 12 inches x 9km pipeline expansion network from Ijora through Lagos Island to Bonny Camp, Victoria Island, creating an opportunity to increase its current 175 customer base by supplying gas to industrial customers looking to for alternative, cheaper and more efficient power sources, according to the statement.