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Acquisitions and Divestitures News in Nigeria

Afren's Nigeria Deal to Complete by End 2011
11/4/2011 - Afren's acquisition of a stake in a Nigerian oil field known as OML 26, announced last year, is on track to complete by the end of 2011, the Africa-focused oil firm's chief executive said. ...
Proposed Farm-in to First Marginal Field
10/10/2011 - Sirius, the investing company focussed on oil and gas exploration and development opportunities in Nigeria, announces that it has entered into a Financial and Technical Services Agreement ("FTSA" or "...
Acquisition of Interest in Oil Block OPL 2012 in Nigeria
9/12/2011 - The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has entered into an Agreement with Sigmund Oilfields Limited and Grasso Consortium consisting of Grasso Nigeri...
Nigeria's NNPC to Reduce its Stake in Brass LNG
8/15/2011 - Nigeria's state-oil company NNPC said it will reduce its stake in the long-delayed Brass Liquefied Natural Gas (LNG) project to 30 percent, from its current 49 percent, to secure much-needed investmen...
AsherXino Completes Farm Out Agreement with Petrolog Group
6/23/2011 - AsherXino Corporation is pleased to announce that it has completed a farm out and partnership agreement with Petrolog International Group for its offshore Nigeria concession. AsherXino had earlier rec...
Major Nigerian Acquisition Opportunity
5/6/2011 - Kulczyk Oil Ventures Inc. (KOV) is pleased to announce that it joined the Neconde Energy Limited (Neconde) consortium. On April 29, 2011, Neconde entered into an Agreement for Assignment (AFA) and var...
Starcrest and Eland Oil & Gas Acquire 45% in OML 40
3/31/2011 - Starcrest Nigeria Energy Limited (“Starcrest”) and Eland Oil & Gas Limited (“Eland”) are delighted to announce that Elcrest Exploration and Production Nigeria Limited (“Elcrest”), a joint venture comp...
Seven is Bidding for Shell Field in Nigeria
3/7/2011 - Seven Energy has bid for one of four oil blocks being sold by Shell in Nigeria to snap up Western oil majors' properties as unrest in North Africa and the Middle East boosts global crude prices.
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CAMAC Completed Acquisition of Allied’s Interests
2/16/2011 - CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that on February 15, 2011, it completed the acquisition of the remaining ...
CAMAC Energy to Acquire 2-Offshore Nigerian Contracts
12/13/2010 - CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that on December 10, 2010, CAMAC Energy finalized and executed a definit...
First Hydrocarbon Acquire an Interest in OML 26
10/21/2010 - First Hydrocarbon Nigeria, the indigenous Nigerian upstream oil and gas company in which Afren plc holds a 45% interest, has announced the reaching of Definitive Agreements with Shell Petroleum Devel...
CAMAC Energy Acquires Interest Offshore Nigeria
8/11/2010 - CAMAC Energy Inc. announced that on August 6, 2010, the Company entered into a memorandum of understanding (the “MOU”) with CAMAC Energy Holdings Limited, CAMAC International (Nigeria) Limited, and Al...
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 ...

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