One-Page Deal Sheet
Oando Buys Out Conoco's Nigerian Upstream Business
Oando Energy Resources Inc. ConocoPhillips
Announced Date
June 18,2014
Effective Date
January 01,2012
Close Date
July 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
1500
Asset/Basin:
{"Niger Delta"}
Transaction Details: Subscribe to see
Closing Announcement - July 30, 2014
ConocoPhillips has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjustments, of $1.5 billion. The sales price is inclusive of $550 million of deposits received, approximately $900 million received at closing, plus $33 million in deferred payments. The sales price less the cash in the business at closing, approximately $100 million, generated net proceeds of approximately $1.4 billion, after customary adjustments. The company…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-18-2020 |
-  |
- |
Click here | E&P | |
| Sep-09-2020 |
- |
- |
Click here | E&P | |
| Jul-20-2020 |
- |
- |
Click here | Colorado | E&P |
| Dec-04-2017 |
- |
- |
Click here | E&P | |
| Oct-24-2017 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-20-2020 | Chevron to Acquire Noble Energy in All-Stock Deal; $13B Including Debt | - |
- |