Oando targets July to seal $1.65bn ConocoPhilips acquisition

Oando-logoKunle Kalejaye 01 July 2014, Sweetcrude, Lagos – Oando Energy Resources, a company focused on oil and gas exploration and production in Nigeria, Monday announced that it has entered an agreement with ConocoPhilips to extend the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips to July 31, 2014.

The parties extended the outside closing date for completion of the ConocoPhillips acquisition to enable them to finalise activities required to complete the transaction, having received the required consent of the Honourable Minister of Petroleum Resources in Nigeria.


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