Acquisitions and Divestitures News in Nigeria

Panoro Energy Announces Extension of Long Stop Date for Sale of Aje
11/30/2021 - Panoro Energy ASA and PetroNor E&P Limited have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Pet...
Seplat Energy Acquires ExxonMobil's Nigerian Shallow Water Business
11/29/2021 - Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, notes the recent press speculation and confirms that Seplat Energy, together with a ...
ADM Energy Provides Barracuda Oil Field Updates
11/29/2021 - ADM Energy PLC, a natural resources investing company, notes the announcement made by Zenith Energy Limited in respect of its option agreement for OML 141 risk service contract.

As announ...
San Leon Energy Provides Update on Potential Transaction
11/29/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to provide the following update on the proposed reorganisation to consolidate Midwe...
Decklar Closes Share Purchase Agreement to Participate in the Asaramatoru Field
11/5/2021 - - Decklar has closed the Share Purchase Agreement signed to purchase all outstanding shares of Purion Energy Limited with the initial issuance of 3,750,000 common shares as consideration.
- Puri...
Extension of Long Stop Date for Sale of Aje
11/1/2021 - Panoro Energy ASA and PetroNor E&P Limitedhave reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shar...
ADM Energy Provides OML 113 Update
11/1/2021 - ADM Energy PLC, a natural resources investing company, notes that Panoro Energy ASA, an independent exploration and production company, and PetroNor E&P Limited, an independent oil and gas exploration...
Extension of Long Stop Date for Sale of Aje
9/30/2021 - Panoro Energy ASA and PetroNor E&P Limited have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the sha...
Exclusivity Agreement for OML 141 RSC in Nigeria
8/31/2021 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has entered into an exclusivity agreeme...
Shell Loses Nigeria Oil License to State Company in Court Ruling
8/20/2021 - Shell Plc’s Nigerian venture lost the right to operate an oil site after a court ruled the company wasn’t entitled to renew a lease first granted in 1989.

On Monday, the court of appeals i...
Nigeria Approves NNPC’s $2.7B Stake Acquisition in Dangote Refinery
8/5/2021 - The Nigerian government has given approval to Nigerian National Petroleum Corporation (NNPC) to acquire a 20% stake in the Dangote refinery for $2.76bn. Expected to come online in January 2022, the 65...
Decklar Announces Purchase Agreement to Participate in Asaramatoru Field
7/14/2021 - - Share Purchase Agreement signed to purchase all outstanding shares of Purion Energy Limited, which has a Risk Finance and Technical Services Agreement with Prime Exploration and Production Limited t...
PetroNor Announces Further Extension of Long Stop Date for Purchase of Aje
6/30/2021 - PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, announces that the Company and Panoro Energy ASA (“Panoro”) have agreed on a further extens...
San Leon Acquires Interest & Option in New Nigerian Oil Export System
6/24/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces a conditional investment of US$2 million as well as an option to conditionally inves...
Decklar Announces LOI to Participate in Asaramatoru Field in OML 11
6/9/2021 - Decklar Resources Inc. announces the completion of a non-binding Letter of Intent to purchase all of the issued and outstanding ordinary shares of Purion Energy Limited (“Purion”), a Nigerian entity t...
Barracuda Oil Field Option
6/8/2021 - Further to the announcement of 23 March 2021, ADM Energy PLC, a natural resources investing company, provides the following clarification on the option rights for a participating interest in the Barra...
Completion of Barracuda Field Transaction
4/28/2021 - Further to the announcement on 23 March 2021, ADM Energy PLC, a natural resources investing company, is pleased to announce it has completed its acquisition of a controlling interest in a Risk Sharing...
SPDC Completes Sale of Interest in OML 17
SPDC Completes Sale of Interest in OML 17 1/15/2021 - The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to...
Lekoil Responds to Press Speculation
1/7/2021 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the recent local press speculation in relation to a letter received by the Company from the Ho...
Panoro Energy Announces Extension of Long Stop Date for Sale of Aje
12/31/2020 - Panoro Energy ASA is pleased to announce that PetroNor E&P Limited (“PetroNor”) and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fu...

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