Vitol-Led Group Acquires Producing Assets in Deepwater Nigeria

Posted on 11/01/2018


On October 31, 2018, a consortium led by Vitol and comprising Africa Oil Corporation (at 25%), Delonex Energy Ltd.(at 25%) and Vitol Investment Partnership II Ltd. (Vitol) (at 50%), signed a share purchase agreement to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. (POGBV) for US$ 1.407 billion on a cash and […]