Acquisitions and Divestitures News in Nigeria

SEPLAT Completes Acquisition in OMLs 4, 38 and 41
8/2/2010 - SEPLAT Petroleum Development Company Ltd (SEPLAT) has last Friday, July 30th, achieved the definitive completion of its acquisition of a 45% stake in OMLs 4, 38 and 41, onshore Nigeria, from Shell Pet...
NNPC Approved the Sale of 45% Equity to SEPLAT
6/18/2010 - The Board of Nigerian National Petroleum Corporation (NNPC), at its meeting held on 15th June, 2010, approved the sale of 45% equity of SPDC/Total/Eni in OMLs 4, 38 and 41 to SEPLAT (Maurel & Prom 45%...
Pacific Asia Amends Agreement for Oyo Acquisition
3/8/2010 - Pacific Asia Petroleum, Inc., a based energy company engaged in the development, production and distribution of oil and gas, announced that the Company has entered into an amendment to the Sale and Pu...
SEPLAT Acquires a 45% Stake in OMLs 4, 38 and 41
1/29/2010 - SEPLAT Petroleum Development Company Ltd (SEPLAT), Shell Petroleum Development Company Of Nigeria Ltd (SPDC), Total E&P Nigeria Ltd, And Nigeria Agip Oil Company have signed an agreement concerning th...
Afren to Farm Into Oml 115 Offshore Nigeria
1/27/2010 - Afren has entered into a Joint Venture Agreement (JVA) with Oriental Energy Resources and Energy Equity Resources (EER) for participation in the exploration, appraisal and development of OML 115 offsh...
Pacific Asia Signs Sale Agreement for Oyo Field
11/23/2009 - Pacific Asia Petroleum, Inc., a US-based energy company engaged in the development, production and distribution of oil and gas, announced that it has signed a Purchase and Sale Agreement with CAMAC En...
Mart Terminates Arrangement with Westfield E & P
11/2/2009 - Mart Resources, Inc. announces that it has terminated the Arrangement Agreement with Westfield Exploration and Production Limited and its wholly owned Canadian subsidiary, Westfield Oil Holding Limite...
Sky Enters into a Letter of Intent with Suntera
10/14/2009 - Sky Petroleum, Inc., an oil and gas company is pleased to announce that it has entered into a non-binding letter of intent to invest in and acquire Suntera's interests in two onshore oil & gas blocks ...
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...

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