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Heritage and Shoreline Energy acquire a 45% interest in OML 30 from Shell, Total and Eni for US$850 million

Heritage and Shoreline Energy acquire a 45% interest in OML 30 from Shell, Total and Eni for US$850 million

Report summary

In June of this year, Heritage Oil announced the acquisition of a 45% stake in OML 30 in Nigeria for US$850 million. The block is part of the NNPC/Shell JV - the largest JV in the Niger Delta. The sellers are Shell, Total and Eni, which hold interests of 30%, 10% and 5% respectively. NNPC holds the other 55% and has, through subsidiary NPDC, exercised its right to pre-empt operatorship of the block. OML 30 is located in the onshore western Niger Delta and contains eight producing oil ...

What's included?

This report includes 1 file(s)

  • Heritage and Shoreline Energy acquire a 45% interest in OML 30 from Shell, Total and Eni for US$850 million PDF - 837.22 KB 9 Pages, 6 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Operatorship
    • Production
    • Security
    • Fiscal terms
  • Strategic rationale
    • Heritage Oil
    • Shell, Total and Eni
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • OML 30 Map
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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