Oando Acquires Nigerian Agip Oil Company in $783 Million Deal

• Oando Plc completes acquisition of Nigerian Agip Oil Company from Eni for $783 million
• The deal doubles Oando’s reserves and strengthens its position in Nigeria’s oil and gas sector

Lagos, Nigeria – Oando Plc, Nigeria’s diversified indigenous energy company, has completed the acquisition of 100% of the shareholding interest in Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni.