Name: Shell and Total and Eni sell combined 45% of OML 17 in Nigeria for US$803 million
Brand: Wood Mackenzie
SKU: 134955
Price: 1650 USD
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Author: Wood Mackenzie

Deal Insight 28 January 2021

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On 15 January 2021, Shell, Total & Eni completed the sale of their combined 45% interest in OML 17 to Trans Niger Oil and Gas Limited (TNOG), a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $803 million. A total of $678 million was paid at completion with the balance of $125 million to be paid over an agreed period. NNPC, the JV partner on OML 17 will retain its non-operated 55% interest. Schlumberger will be ...</div>
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        Executive summary
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<li class="list__item-toggle font-semibold">
        Transaction details
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        Upstream assets
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        Deal analysis
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        Upsides and risks
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        Shell, Total and Eni
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        TNOG Oil & Gas
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        Oil & gas pricing and assumptions
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         <li class="list__item push-quarter--bottom">Executive summary: Table 1</li><li class="list__item push-quarter--bottom">Upstream assets: Table 1</li><li class="list__item push-quarter--bottom">Deal analysis: Table 1</li>
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<p class="font-regular" >Shell and Total and Eni sell combined 45% of OML 17 in Nigeria for US$803 million</p>
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