All posts tagged conoco-philips

Oando’s $1.3Billion Leads The Last Three Bids For ConocoPhilips’ Assets, But…

If the bid offer on the table were the only consideration for announcing the winner, Conoco Phillips would have announced Oando Plc as the new owners of its upstream assets in Nigeria.
With about $1.3Billion offer, the image conscious, integrated oil and gas company would have beaten the two other rivals: Transcorp/Midwestern Oil and Gas Consortium and Seplat Petroleum Development Limited in the race to acquire the American independent’s 20% stakes in the ENI operated Oil Mining Lease(OMLs) 60, 61 62 and 63, which deliver some 90-100,000 Barrels of Oil Per Day(BOPD) (gross) and also provide ENI’s share of gas for the Bonny based NLNG facility.

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