Italian explorer ENI is currently considering bids from about four E&P companies for the purchase of its 5% stake in the Renaissance/TOTAL/ENI/NNPC Joint Venture. The bidders include at least three Nigerian independents.
The asset involved in this vigorously contested transaction include 13 onshore OMLs (20, 21, 22, 25, 27, 31, 32, 33, 35, 36, 43, 45 and 46) and two shallow water OMLs (74 and 79).
More than 40 producing fields and ~3,500 kilometre of pipelines with 28 flow stations and two associated gas plants connecting the fields to the Bonny and Forcados terminals and a dedicated FPSO (Sea Eagle FPSO).
The three Nigerian independents…
