Deal Insight
Shell and Total and Eni sell combined 45% of OML 17 in Nigeria for US$803 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
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Strategic rationale
- Shell, Total and Eni
- TNOG Oil & Gas
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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