Nigerian Energy Co. Buys $147M Stake In Shell-Owned Field
FHN acquired a 45 percent interest in OML 26 from Shell Petroleum Development Co. of Nigeria Ltd., Total E&P Nigeria Ltd. and Nigeria Agip Oil Co., according to a statement from Afren PLC, FHN’s parent company.
OML 26 holds two producing and three undeveloped fields. FHN said it could recover as much as...
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