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NNPC Approved the Sale of 45% Equity to SEPLAT

Source: www.gulfoilandgas.com 6/18/2010, Location: Africa

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%), an indigenous company.

It is expected that the final process would be concluded within the coming weeks.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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