Oando Extends Completion Date for Acquisition of ConocoPhillips’ Nigerian Assets

0 0
Spread the love
Read Time:36 Second
Oando Energy Resources  yesterday announced that the date for the completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) (the “ConocoPhillips Acquisition”) had been extended to June 30.
 
Pursuant to an amendment agreement executed on Wednesday, Oando Energy Resources and ConocoPhillips agreed to extend the date for completion of the ConocoPhillips Acquisition from April 30 to June 30 to enable the companies satisfy all closing conditions including the anticipated consent of the Minister of Petroleum Resources, Diezani Alison-Madueke.
 
Oando had agreed to increasing its deposit by $25 million if the consent of the minister of petroleum is not received on or before May 23.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Facebook Comments

Previous post NIGERIA: ASUU Issues Seven-day Final Ultimatum to LASU
Next post Okah Sues Prisons, Demands N500m for Violation of Rights

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.