31.07.14
FOR GOD AND COUNTRY
THURSday
No. 2,232
NIGERIA’S MOST INFLUENTIAL NEWSPAPER
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Oando Completes $1.5bn ConocoPhillips Acquisition By WENESO OROGUN, Abuja
Oando Energy Resources Inc. (OER), a company focused on oil and gas exploration and production in Nigeria, has announced the completion
of its acquisition of the Nigerian upstream oil and gas business of ConocoPhillips (NYSE: COP) for a total cash
consideration of $1.5 billion after customary adjustments plus a deferred consideration of $33 million (the transaction).
The transaction entails the acquisition of ConocoPhillips’ Nigerian oil and gas businesses consisting of both onshore and
2015: TAN Plans Mega Rallies For Jonathan > Page 4
Chibok Diary DAY 108
offshore business activities. A press release by OER said Phillips Oil Company Nigeria Limited (POCNL) holds a 20 per cent non-operating interest ➔ CONTINUED ON PAGE 5
N100m Presidential Largesse: Chibok Community Denies Receiving Any Money > Page 2
as md abubakar bows out today
Presidency In Dilemma Over IGP’s Successor 5
Abba, Arase, Doma, Zuokumor, others on the cards
A police detective inspecting the site of the suicide bomb blast outside the central administration building of the Kano State Polytechnic, yesterday. PHOTO BY AFP
Another Teen Female Bomber Strikes Kano Poly, Kills 6 5