Nigeria onshore oil and gas blocks

Nigeria: Eni offloads onshore oil and gas assets to Oando

Issue 490 - 06 Sep 2023 - By James Gavin | 1 minute read

Italy’s Eni is selling its onshore exploration and production subsidiary Nigerian Agip Oil Company (NAOC) to local conglomerate Oando, becoming the latest international major to offload non-core African assets. The deal includes stakes in the gas-fired Okpai 1 and Okpai 2 power plants, with a combined capacity of 960MW.

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