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Acquisitions and Divestitures News in Nigeria

Total Acquires Interests on Blocks OPL 279 & 285
11/4/2008 - Total announces that it has signed an agreement with OMEL(1) Energy Nigeria Limited (OENL) and OMEL Exploration and Production Nigeria Limited (OEPNL) to acquire interests of 25.67% in deep offshore l...
Afren Enters into a Farm-In Agreement with Oriental
4/1/2008 - Afren plc announced that it has entered into a farm-in agreement with Oriental Energy Resources Limited for the development of the Ebok Field, located offshore South East Nigeria. Afren has entered in...
Total Farms into New Deep Offshore License in Nigeria
3/12/2008 - Total announced that it has signed an agreement with Nigeria’s Conoil Producing Limited to farm into the deep offshore OPL 257 license with a 40% interest. Conoil remains the operator with a 50% inter...
Equator announces a farm out of part of its Participating Interest in the 'PSC in OPL 323, Nigeria
8/17/2007 - Equator Exploration Limited announces a farm out of part of its Participating Interest in the Production Sharing Contract ('PSC') in Oil Prospecting Licence ('OPL') 323, offshore Nigeria. The Company ...
Total Finalizes its Entry in OPL 247 in Nigeria
7/30/2007 - Total announced that its fully-owned Nigerian subsidiary, Elf Petroleum Nigeria Limited (EPNL), has finalized the acquisition of a 36% interest in deep offshore Oil Prospecting Lease (OPL) 247, operat...
Total Acquires 40% Interest in Offshore OML 136
7/26/2007 - Total announced that its operating subsidiary in Nigeria, Elf Petroleum Nigeria Limited (EPNL), has signed an agreement with Nigeria’s Conoil Producing Limited to acquire a 40% interest in offshore Oi...
Nigerian Government Approved Oriental’s Farm-in
7/1/2007 - Sovereign Oil & Gas Company II, LLC announced Nigerian government approval of the farm-in by Oriental Energy Resources Limited of Nigeria into the Ebok Marginal Field located in Oil Mining Lease (OML)...
Afren Enters Into Farm-in Agreement With IEL For Participation In The Ofa Field
5/8/2007 - Afren plc has entered into a Farm-In agreement with Independent Energy Limited ("IEL") for an interest in the Ofa Field, located in the Northern Niger Delta. Afren has entered into an agreement with I...
Exile Receives Approvals for 40% in Akepo Field
4/27/2007 - Exile Resources Inc. has received all approvals regarding its 40% equity in the Akepo Field in Nigeria. The Akepo Farm In Agreement and Joint Operating Agreement, originally announced in November 2006...
Eni Sign PSC for OPL 135 with NNPC
3/9/2007 - Eni signed a Production Sharing Contract (PSC) with Nigerian national oil company NNPC concerning the “OPL 135” exploration license. The area is located in the north-east of the Niger Delta, a short d...
Total Signs Farm-in Agreement on Two Offshore Blocks
7/27/2006 - Total announces that its wholly-owned Nigerian operating subsidiary, Elf Petroleum Nigeria Limited (EPNL), has signed a farm-in agreement with Amni International Petroleum Development Company Limited,...
Addax Petroleum Completes Acquisition Of Okwok Interest
6/28/2006 - Addax Petroleum Corporation has acquired from Oriental Energy Resources Limited a 40 per cent participating interest in the Okwok field in licence area OML67 following receipt of all necessary 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...

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