oil & gas assets
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IS - Africa Oil goes solo in purchase of Petrobras’ Nigerian fields - November 2019



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Canada-based Africa Oil Corp. is proceeding with the acquisition announced last year of stakes in Petrobras’ deepwater assets in Nigeria even though previous partners Vitol Group and Delonex Energy have backed out of the deal. The three companies formed the Petrovida consortium in October 2018 that had agreed to acquire the Brazilian NOC’s 50% holding in Netherlands-based Petrobras Oil & Gas BV for $1.407 billion. Per the amended Nov. 1 agreement, Africa Oil will......
 
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