Nigeria’s State Oil Company Agrees To $700 Million Joint Venture

Transaction Type

Sellers

First Exploration and Petroleum Development Co.

Buyers

Nigerian National Petroleum Co.

Field

Anyala Field & Madu Field

Announce Date

Thu, 06/29/2017 - 12:00 PM

Post Date

Jun 29, 2017

Close Date

Thu, 06/29/2017 - 12:00 PM

Estimated Price

700MM

Description

Formed JV to develop new oil fields in the southern Niger Delta energy hub.

Nigeria’s State Oil Company Agrees To $700 Million Joint Venture