31/10/2018
Consortium of Africa Oil, Delonex and Vitol announces acquisition of producing assets in deepwater Nigeria
October 31st, 2018 A consortium led by Vitol and comprising Africa Oil Corp ('Africa Oil') (25%), Delonex Energy Ltd. ('Delonex') (25%) and Vitol Investment Partnership II Ltd. ('Vitol') (50%), (collectively, the 'Consortium'), is pleased to announce that it has entered into a Share Purchase Agreement ('SPA') to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. for $1.407 billion. BTG Pactual EP B.V. will continue to own the remaining 50% of POGBV. The transaction is subject to customary conditions precedent. The primary assets of POGBV are an indirect 8% interest in Oil Mining Lease ('OML') 127, which contains the producing Agbami Field, operated by affiliates of Chevron...
