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