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Acquisitions and Divestitures News in Nigeria

ShoreCan and Essar Mauritius Resolve Dispute
8/4/2020 - Canadian Overseas Petroleum Limited ("COPL"), an international oil and gas exploration and development company focused on offshore Africa, is pleased to announce that its 50% owned joint venture compa...
Public Prosecutor’s Requests for Conviction are Completely Groundless
7/21/2020 - Eni considers that the Public Prosecutor’s requests for conviction of the Company, its former and current CEOs and the managers involved in the Opl245 proceeding are completely groundless. ...
Asian Mineral Resources Completes Acquisition of Oza Oil Field
7/17/2020 - Asian Mineral Resources Limited is pleased to announce that further to its press releases dated November 20, 2019, December 16, 2019, February 5, 2020, March 5, 2020 and March 31, 2020, it has closed ...
Sasol Sells 10% Stake in Escravos GTL Plant in Nigeria to Chevron
7/2/2020 - Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) plant in Nigeria to Chevron. ...
Intra-Group Transfer of OMLs from Seplat Petroleum
6/18/2020 - Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company dual-listed on the Nigerian Stock Exchange and London Stock Exchange, announces the completion of transfer o...
ShoreCan and Essar Mauritius Agree to Resolve Dispute
6/4/2020 - Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company focused on offshore Africa is pleased to announce that its 50% owned joint venture company, Shorel...
Africa Oil Receives Third Dividend from Its Nigerian Asset
5/11/2020 - Africa Oil Corp. (AOI) has received its third dividend from Prime Oil and Gas B.V. ("Prime"), a company that holds interests in deepwater Nigeria production and development assets. Prime has distribut...
ADM to Acquire a Further Interest in OML 113 from EER
2/24/2020 - ADM Energy PLC, an oil and gas investing company quoted on AIM, is pleased to advise that it has entered into a sale and purchase agreement ("Agreement") with EER (Colobus) Nigeria Limited ("EER") to ...
Potential Acquisition of Major Production Asset, West Africa
2/12/2020 - Zenith Energy Ltd. has entered into final stage negotiations with a national oil authority to secure a material oil production license in West Africa. (“Potential Acquisition”). The Potential Acquisit...
Execution of Investment and Shareholders Agreement for Aje Field
12/5/2019 - Further to the announcement dated 21 October 2019, PetroNor E&P Limited has now finalised and entered into the separate investment and shareholders agreement with the OML 113 operator, Yinka Folawiyo ...
Seven Energy Transaction Progresses to Completion Phase
11/8/2019 - Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to provide an update in relation to the Seven Energy Transaction (the “Tran...
Africa Oil Enters Into Amended Agreement to Increase its Interest in Deepwater Nigeria Fields
11/1/2019 - Africa Oil Corp. (AOI) is pleased to announce that it has entered into an amendment to the share purchase agreement (the "Amended SPA") signed on October 31st, 2018, between Petrobras International Br...
Joint Update with OPL 310 Operator
8/30/2019 - LEKOIL, the Africa-focused oil and gas exploration, development and production company, is pleased to announce it has reached a resolution with Optimum Petroleum Development Company ("Optimum"), its p...
Acquisition of Participating Interest in OPL276
8/23/2019 - LEKOIL, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, has agreed to acquire, subject to the receipt of the required consents, via Lekoil 2...
Nigerian Petroleum Revokes 6 Oil Block Licences due to 'legacy debts'
6/6/2019 - Nigeria’s Department of Petroleum Resources has revoked six oil block licenses due to “legacy debts”. The oil mining leases (OML) and oil prospecting licences (OPL) affected are OML 98, 120, 121, 108 ...
OPL 245 – RDS plc Informed of DPP Preparing to Prosecute
3/1/2019 - We have been informed by the Dutch Public Prosecutor’s Office (DPP) that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell plc for criminal charge...
OPL 310 Licence Relief from Expiration
11/26/2018 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, announces that the Company has written to the Federal Ministry of Petroleum Resources for a relief from ...
Eland Oil & Gas Confirms OML 40 Licence Renewal
11/12/2018 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced, through its joint-venture subsidiary, Elcrest Exploration...
Vitol-led Consortium Buys Petrobras’ Nigerian Assets for $1.4B
10/31/2018 - A consortium led by Vitol and comprising Africa Oil Corp (“Africa Oil”) (25%), Delonex Energy Ltd. (“Delonex”) (25%) and Vitol Investment Partnership II Ltd. (“Vitol”) (50%), (collectively, the “Conso...
Vitol-led Group in Talks to Buy Nigeria Assets from Petrobras
6/18/2018 - A consortium led by top oil trader Vitol has entered exclusive talks to acquire stakes in Nigerian offshore fields that are held by Brazil’s Petrobras and its partners, industry sources said. ...

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