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 ...

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    ConocoPhillips to divest its Nigerian business unit to Oando Energy Resources for US$1.79 billion

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Tables

  • 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

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