More facts emerged at the weekend that eight Nigerian banks participated in the successful completion of Oando Energy Resources (OER) acquisition of Conoco Phillips Nigerian assets for about $1.6 billion.
According to a statement by FBN Capital Limited, OER successfully completed the acquisition of OMLs 60, 61, 62, 63, 131 and 145 (the target assets) located in a prolific oil and gas producing zone in the Niger Delta, through a combination of equity and debt.
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