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TOTAL: Nigeria: Total Completes Sale of Its Interest in Onshore OML 17

Regulatory News: Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has completed the divestment of its 10% interest in onshore Oil Mining Lease (OML) 17 to the Nigerian company TNOG Oil Gas Limited, a related ....

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'Heirs Holdings' $1.1bn OML 17 deal demonstrates renewed confidence in Nigeria's economy'

By Udeme Akpan, Energy Editor
THE investment of over $1billion by Heirs Holdings in the acquisition of the strategic Oil Mining License, OML 17 from Shell, ENI and Total, has been described by various analysts as a very positive affirmation of confidence in the robustness of the Nigerian economy.
In a telephone interview with Energy Vanguard, weekend, President, Oil and Gas Service Providers Association of Nigeria, Maxi Colman Obasi, said: “At a time of increased pessimism globally and in Nigeria, the huge deal shows a welcome light on the opportunities that are available in Nigeria. Heirs Holdings is a committed indigenous business and the presence of Transcorp, Nigeria’s largest listed conglomerate, with over 300,000 shareholders in the transaction would impact on operations.” ....

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- Shell Petroleum Development Company of...

- Shell Petroleum Development Company of...
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DGAP-News: Heirs Holdings Significantly Expands Oil and Gas Portfolio

DGAP-News: Heirs Holdings Significantly Expands Oil and Gas Portfolio
vom 18.01.2021, 06:06 Uhr
Bild: pixabay.com
Heirs Holdings Significantly Expands Oil and Gas Portfolio
18.01.2021 / 06:06
Heirs Holdings Significantly Expands Oil and Gas Portfolio
- Acquires 45% of OML 17 from Shell, Total and ENI
- Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent
- Estimated Additional 1 billion barrels of oil equivalent of further exploration potential
Lagos, Nigeria, January 15, 2021
- Heirs Holdings ( HH ), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc ( Transcorp ), Nigeria s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company ....

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Analysts: Heirs Holdings' $1.1bn OML 17 Deal Renews Confidence in Economy

Peter Uzoho
The investment of over $1billion by Heirs Holdings (HH) in the acquisition of the strategic OML 17 from Shell, ENI and Total, has been described by various analysts as a positive affirmation of confidence in the robustness of the Nigerian economy.
The analysts described the deal as a welcome light on the opportunities that are available in Nigeria, especially given the increased pessimism globally and in Nigeria.
They highlighted the credentials of Heirs Holdings as a committed indigenous business and the presence of Transcorp, Nigeriaâs largest listed conglomerate, with over 300,000 shareholders in the transaction.
According to them, the deal further demonstrates the ability of the Tony Elumelu-led Heirs Holdings to spearhead Africaâs economic resurgence amidst the calamity posed by COVID-19 pandemic. ....

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