TITLE

Nigeria: CAMAC Energy to acquire interests from Allied Energy

PUB. DATE
November 2013
SOURCE
World Energy News;11/21/2013, p13
SOURCE TYPE
Newswire
DOC. TYPE
Article
ABSTRACT
The article focuses on CAMAC Energy which entered into a definitive agreement with Allied Energy to acquire interest in petroleum exploration offshore Nigeria. It states that CAMAC wants to acquire the remaining economic interest in the production sharing contract on oil mining leases (OMLs) that it does not currently own. It says that in order to fund capital expenditures, CAMAC entered into an agreement with Public Investment Corp. (SOC) Ltd. (PIC) for a $270 million equity investment.
ACCESSION #
92639650

 

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