NAOC JV

Nigerian Agip Oil Company Acquisition - Financing

Borrower(s)
NAOC JV
Industry
Oil & gas/Oil - Upstream (Exploration and production)
Area of finance
Project & Infrastructure Finance
Region
Africa
Africa
Countries
Nigeria

Deal Overview

Oando PLC has signed an $800 million loan document with the Afreximbank to facilitate the acquisition of 100% of the shares of the Nigerian Agip Oil Company (NAOC). Upon completion, Oando's participation interest in Oil Mining License (OML) 60, 61, 62, and 63, located in the Northern Niger...

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Deal Volume
$650m
Financial Close
22/08/2024
Dealmakers

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Tranches

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Project Deals

NAOC Assets Acquisition Project
$800m
Brownfield
Oil - Upstream (Exploration and production)
Africa
Africa
Nigeria