Conoil and TotalEnergies complete upstream asset swap transaction

Conoil Plc and TotalEnergies executed a strategic asset swap involving Conoil’s divestment of its 50% operated interest in OPL 257 and acquisition of TotalEnergies’ 40% participating interest in OML 136.

The transaction forms part of both companies’ portfolio optimisation strategies within Nigeria’s upstream petroleum sector.

Advisory Team:

Advocaat Law Practice

Ola Alokolaro

Sherif Hassan

Grace Erewele

Victoria Obi

Whitney Agbo

Inimfon Ekpenyong