Acquisitions and Divestitures News in Nigeria

BG Group Successful in Nigerian Licensing Round
5/19/2006 - BG Group, together with consortium member Sahara Energy Exploration & Production Limited, has been awarded Oil Prospecting Licence (OPL) 286-DO, (previously OPL 213), in the 2006 Nigerian Licensing Ro...
CNOOC Acquires 45% in OML 130 in Nigeria
4/20/2006 - CNOOC Limited has completed its agreement to acquire a 45 % working interest in an offshore oil mining license "OML 130" in Nigeria. The transaction was signed on January 8, 2006 between CNOOC Limited...
BG Group Signs Nigerian Production Sharing Contract
1/20/2006 - BG Group has acquired a 45 percent interest in, and operatorship of, Block 332 offshore Nigeria under a farm-in agreement with Sahara Energy Exploration & Production Limited (Sahara). The agreement ma...
CNOOC Acquires 45% Stake in OML 130
1/9/2006 - CNOOC Limited signed a definitive agreement with South Atlantic Petroleum Limited (''SAPETRO'') to acquire a 45 % working interest in an offshore oil mining license ''OML 130'' in Nigeria for US$2.268...
EnerGulf Provides Update on Nigeria Block 252
12/15/2005 - With respect to Nigeria Oil Prospecting License (“OPL”) 252 (the “block”), the EnerGulf/Derock JV has been granted an extension until January 30, 2006 to pay the required signature bonus. EnerGulf has...
Sunlink & SNEPCo Sign OPL 238 Agreement
11/21/2005 - Sunlink Petroleum Limited and Shell Nigeria Exploration and Production Company Limited (SNEPCo) formally finalised and signed a Joint Operating Agreement in respect of oil prospecting license OPL 238....
Eni Acquires New Stakes in Two Nigerian Deepwater Fields
9/24/2005 - Eni has acquired from Nigerian companies Allied Energy Resources and Camac International a 40% stake in both Oil Mining Leases "120" and "121", located in the Nigerian offshore some 200 km off the coa...
EnerGulf/Derock Win Nigeria Block 252
9/6/2005 - EnerGulf Resources Inc. announced that its recently announced EnerGulf/Derock Joint Venture has been awarded deep water Block 252 by the Nigerian government at the Nigeria 2005 Bid Round held in Abuja...
Petrobras Acquires Exploratory Block in Nigeria
9/1/2005 - Petrobras announces that it acquired in an international auction held by the Nigerian government an exploratory block " the OPL 315", as an operator in deep Nigerian waters. The Company made the winni...
Statoil & Petrobras Wins New Exploration Licence
8/29/2005 - An exploration licence for Nigerian deepwater block 315 has been awarded to Statoil and Brazilian oil company Petrobras after a bidding round which concluded on 26 August.The two partners have each re...
Total Signs PSC for OPL 223 in Nigeria
7/19/2005 - Total announces that its Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd. (EPNL), has signed a Production Sharing Contract with the Nigerian National Petroleum Corporation (NNPC) for the Oil ...
Total Signs Farm-in Agreement in Block OPL 215
6/11/2005 - Total announces that the company’s Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd. (EPNL), has signed a farm-in agreement with NorEast Petroleum Nigeria Ltd., for the Oil Prospecting License...
Spinnaker Enters Farmout Agreement in OPL Block 256
3/7/2005 - Spinnaker Exploration Company announced that it has entered into a Farmout Agreement covering a 12.5% interest in OPL Block 256 offshore Nigeria from Ocean Energy Nigeria Limited, a wholly-owned subsi...
Statoil Approves the Participation in Agbami Development
9/10/2004 - The Statoil board has approved plans for the group’s participation with an 18.85 per cent interest in a unitised development of the Agbami oil field off Nigeria. ...
ChevronTexaco Wins Exploration Rights in JDZ Block 1
4/27/2004 - ChevronTexaco confirmed the announcement by the Nigeria - Sao Tomé and Principe Joint Development Authority (JDA) that its affiliate company, ChevronTexaco JDZ Limited, has been awarded the right to c...
Devon Energy Awarded License Offshore Nigeria
3/22/2004 - Devon Energy Corporation announced that the company has signed a production sharing contract covering block 242, offshore Nigeria. Devon will operate the block with a 75 percent working interest. The ...

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