Nigeria: PetroNor completes purchase of Aje interests from Panoro Energy
PetroNor E&P has completed the acquisition of Panoro Energy’s interest in Offshore Mining Lease no. 113 ('OML 113') offshore Nigeria.
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PetroNor E&P has completed the acquisition of Panoro Energy’s interest in Offshore Mining Lease no. 113 ('OML 113') offshore Nigeria.
PetroNor has provided an update regarding the acquisition of Panoro Energy’s interest in OML 113 offshore Nigeria, containing the Aje oil and gas field.
To increase production capacity, JV partners off Nigeria have decided to replace the field's current FPSO in line with redevelopment plans.
PetroNor has announced that, as an interim step towards completion of the transaction, PetroNor and the OML 113 Operator, Yinka Folawiyo Petroleum ('YFP') have executed amendments to agreements for the formation of the jointly owned Aje Production, originally signed on 5 December 2019.