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Nigeria: Delonex, Vitol drop out of Petrobras acquisition
Africa Oil Corporation will go it alone with the acquisition of Petrobras’ Nigerian assets after Delonex Energy and Vitol announced they were withdrawing from the transaction. The companies signed an agreement in October 2018 to acquire 50% of the share capital of Petrobras Oil and Gas BV, which owns an indirect 8% interest in Chevron’s Agbami field and an indirect 16% interest in Total’s Akpo and Egina fields.
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