Heirs Holdings acquires 45% of Nigerian onshore oil licence from Shell, Total and Eni
The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.
The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.
Following completion of the acquisition Union Jack will hold a 45% interest in the project.