Aradel secures 100% acquisition of NNPCL, TotalEnergies marginal oil Fields for $19.5m …C0NTINUE READING HERE >>>
Nigerian Indigenous oil company, Aradel Energy has secured a 100 percent acquisition of Nigerian National Petroleum Company Limited and TotalEnergies Olo and Olo West Marginal Fields, formerly part of OML 58.
The company disclosed this in a statement released on its official website recently.
It explained that the acquisition deal was secured with $16 million, plus US$3.5 million of deferred and conditional payments.
“The Acquisition was completed for a consideration of US$16 million,…
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