Acquisitions and Divestitures News in Nigeria
| 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... |
| 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... |
| 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... |
| 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.... |
| 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... |
| 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... |
| 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... |
| 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... |
| 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 ... |
| 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... |
| 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... |
| 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. ... |
| 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... |
| 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 ... |
