COPL in JV with Shoreline Energy
Issue 296
- 12 Mar 2015
| 1 minute read
Canadian Overseas Petroleum Ltd (COPL) has formed a joint venture partnership with Nigeria’s Shoreline Energy International Limited to acquire upstream oil and gas assets in sub-Saharan Africa. Assets acquired through the JV will be held in a special purpose vehicle registered in Bermuda, called Shoreline CanOverseas Petroleum Development Corporation Limited (ShoreCan). COPL and Shoreline will each hold 50% in ShoreCan, which has already taken acreage in Tanzania and Namibia and is evaluating assets in Nigeria, Ghana and Mozambique, COPL said.
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