Deal Insight
ConocoPhillips to divest its Nigerian business unit to Oando Energy Resources for US$1.79 billion
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Report summary
On 20 December 2012, ConocoPhillips announced an agreement to sell its Nigerian business unit to Oando Energy Resources (OER) for a cash consideration of US$1.79 billion. The effective date is 1 January 2012. If it completes, it will mark the withdrawal of ConocoPhillips from Nigeria, and a substantial increase in the upstream portfolio of OER, which is a listed company on the Toronto Stock Exchange, and a 94.6%-owned affiliate of Oando plc, a predominantly downstream Nigerian company.The ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- NNPC/Eni Joint Venture
- OPL 214
- OML 131
- Brass LNG
- Deal analysis
-
Upsides and risks
- Reserves upside
- Market upside
- Fiscal risk
- Security risk
-
Strategic rationale
- Oando Energy Resources
- ConocoPhillips
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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