Oando to acquire ConocoPhillips Nigerian Unit
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Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian Stock Exchange and the JSE Limited, announced that it has entered into an agreement with ConocoPhillips to acquire ConocoPhillips’s affiliate Phillips (Brass) Limited, which holds ConocoPhillips’ interest in the Brass LNG Project to Oando PLC, for approximately $105 million plus customary adjustments.