Deal Insight
Eni agreed to sell onshore Nigeria assets to Oando
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The wave of Major’s divestment from onshore Nigeria continues as Oando agreed to buy Eni’s wholly owned Nigerian Agip Oil Company Ltd (NAOC). NAOC owns and operates Eni's onshore exploration and production activities in Nigeria including upstream producing and exploration licences, power stations and oil export infrastructure. Eni will limit its onshore footprint to a non-operated position in the Shell JV. Oando will take its first operated position.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
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Strategic rationale
- Eni
- Oando
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Oando Upstream Licence MapUpstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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