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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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 ...

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

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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:

Images

  • OML 30 Map

Tables

  • Executive summary: Table 1
  • 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

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