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Acquisitions and Divestitures News in Nigeria

Petrobras Acquires Exploratory Block in Nigeria
9/1/2005 - Petrobras announces that it acquired in an international auction held by the Nigerian government an exploratory block " the OPL 315", as an operator in deep Nigerian waters. The Company made the winni...
Statoil & Petrobras Wins New Exploration Licence
8/29/2005 - An exploration licence for Nigerian deepwater block 315 has been awarded to Statoil and Brazilian oil company Petrobras after a bidding round which concluded on 26 August.The two partners have each re...
Total Signs PSC for OPL 223 in Nigeria
7/19/2005 - Total announces that its Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd. (EPNL), has signed a Production Sharing Contract with the Nigerian National Petroleum Corporation (NNPC) for the Oil ...
Total Signs Farm-in Agreement in Block OPL 215
6/11/2005 - Total announces that the company’s Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd. (EPNL), has signed a farm-in agreement with NorEast Petroleum Nigeria Ltd., for the Oil Prospecting License...
Spinnaker Enters Farmout Agreement in OPL Block 256
3/7/2005 - Spinnaker Exploration Company announced that it has entered into a Farmout Agreement covering a 12.5% interest in OPL Block 256 offshore Nigeria from Ocean Energy Nigeria Limited, a wholly-owned subsi...
Statoil Approves the Participation in Agbami Development
9/10/2004 - The Statoil board has approved plans for the group’s participation with an 18.85 per cent interest in a unitised development of the Agbami oil field off Nigeria. ...
ChevronTexaco Wins Exploration Rights in JDZ Block 1
4/27/2004 - ChevronTexaco confirmed the announcement by the Nigeria - Sao Tomé and Principe Joint Development Authority (JDA) that its affiliate company, ChevronTexaco JDZ Limited, has been awarded the right to c...
Devon Energy Awarded License Offshore Nigeria
3/22/2004 - Devon Energy Corporation announced that the company has signed a production sharing contract covering block 242, offshore Nigeria. Devon will operate the block with a 75 percent working interest. The ...

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