Deal Insight

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

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29 June 2012

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 ...

Table of contents

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

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • OML 30 Map
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

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

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