Deal Insight

Shell and Total and Eni sell combined 45% of OML 17 in Nigeria for US$803 million

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28 January 2021

Shell and Total and Eni sell combined 45% of OML 17 in Nigeria for US$803 million

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
    • Shell, Total and Eni
    • TNOG Oil & Gas
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

  • 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

What's included

This report contains:

  • Document

    Shell and Total and Eni sell combined 45% of OML 17 in Nigeria for US$803 million

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