Nigeria's Heirs Holdings buys 45% stake in OML 17 onshore oilfield
2 Min Read LAGOS (Reuters) - Nigeria’s Heirs Holding announced on Friday it had bought a 45% stake in an onshore oilfield as part of a deal that it said included $1.1 billion in financing from a consortium of global and regional banks and investors. International oil majors have been trying to sell stakes in onshore oilfields in Nigeria for years as they pivot their investments to assets offshore the West African nation and to other regions. Shell, Total and Eni each sold stakes in the OML 17 field, which has production capacity of 27,000 barrels of oil equivalent per day and estimated rese...
Source: reuters.com