ENR Advisory is pleased to have advised Aradel Energy Limited on its US$16m acquisition of the Olo and Olo West Fields from the NNPC/TEPNG Joint venture located within the OML 58, in Rivers State, Nigeria.

Read more about this deal here

We are pleased to have provided legal support towards the development of the landmark Treaty on the Gulf of Guinea Gas Pipeline Project, a pivotal agreement between the Federal Republic of Nigeria and the Republic of Equatorial Guinea. The Treaty was signed by President Bola Tinubu and his Equatorial Guinea counterpart, President Teodoro Obiang Nguema Mbasogo on Thursday, 15 August 2024 at Malabo, Equatorial Guinea.

We are excited to be involved in this significant project, which will unlock new markets for Nigeria’s abundant natural gas resources, while fostering energy cooperation within the region.

Read more about this deal HERE

Congratulations to our Partner, Jumoke Fajemirokun on her appointment as the Chairman of the Mining Law Committee, Nigerian Bar Association Section on Business Law (NBA SBL).

ENR Advisory advised Savannah Energy Plc (Savannah), a United Kingdom company on the Nigerian law aspects of its acquisition of the entire issued share capital of Sinopec International Petroleum Exploration and Production Company Nigeria Limited (SIPEC), a joint venture between Sinopec International Petroleum Exploration and Production Corporation (SIPC) and Jagal Ventures Limited (Jagal).

SIPEC holds a 49% participating interest in Petroleum Mining Lease 20 (formerly the Stubb Creek Marginal Field) located in Akwa Ibom State, Nigeria, while the other 51% interest is held by Universal Energy Resources Limited, an affiliate of Savannah Energy Plc.

The acquisition is structured as two separate transactions with Savannah Energy SC Limited (a wholly owned subsidiary of Savannah Energy Plc) acquiring both SIPC’s 75% equity interest in SIPEC and Jagal’s 25% equity interest for a total consideration of US$61.5 million.

We are delighted to have supported Savannah on this transaction resulting in the signing of the two Share Sale and Purchase Agreements, and are excited about the consolidation of its interest in PML 20 which unlocks the potential for even more growth in a rejuvenated Nigerian oil and gas sector.

Click the link to read more about this deal : https://www.londonstockexchange.com/news-article/SAVE/consolidation-of-stubb-creek-field-interest/16383375

We are pleased to announce that ENR Advisory and its partners, Adegbite Adeniji, Ike Oguine and Nosa Osazuwa have been ranked in Chambers Global 2024 directory in the Projects & Energy practice area.

We are excited to be recognized by Chambers and Partners as a leading firm in Nigeria for Projects and Energy in the Chambers Global 2024 rankings.