Oando seals $783m deal for Nigerian Agip Oil Company

Oando has completed its acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from Italy's Eni.The $783 million transaction sees Oando’s participating interests in Oil Mining Licenses 60, 61, 62 and 63 increase from 20% to 40% and its total reserves grow...