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Oando Plc Announces Nigerian Government approval of $1.65 billion acquisition of ConocoPhillips Nigerian Oil


Wednesday, 18 Jun 2014 10:29am EDT 

Oando Plc:Receives consent of Honourable Minister of Petroleum Resources of Nigeria for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips for total cash consideration of $1.65 bln subject to customary adjustments (ConocoPhillips Transaction).Further to receipt of consent of Honourable Minister of Petroleum Resources, OER and ConocoPhillips are now positioned to complete the ConocoPhillips Transaction. 

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31 Jul 2014