Nigeria: Vitol, Africa Oil, Delonex to buy Petrobras assets


Issue 380 - 08 Nov 2018 | 2 minute read
A consortium led by Vitol with Africa Oil Corporation and Delonex Energy has agreed to buy 50% of Petrobras Oil and Gas BV (POGBV) for $1.407bn. Brazil’s BTG Pactual E&P BV will continue to own the remaining 50%. POGBV’s main assets are an indirect 8% interest in Chevron’s OML 127, which contains the producing Agbami field, and an indirect 16% interest in Total’s OML 130, which contains the producing Akpo field and the Egina field, which is expected to start production by year-end.

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