Nigeria: Equinor completes sale of business

Posted by - December 8, 2023

Equinor has completed the sale of its Nigerian business, which includes its stake in the Agbami oil field, to the Nigerian-owned energy company Chappal Energies. Equinor and Chappal Energies have finalized the sale of Equinor Nigeria Energy Company (ENEC), encompassing a 53.85% stake in oil and gas lease OML 128, inclusive of the unitized 20.21%