Heirs Holdings in Partnership with Transcorp say they have acquired a 45 per cent participating interest in Nigerian oil license OML 17 and its related assets from the Shell Petroleum Development Company of Nigeria, Total E&P Nigeria and ENI. The acquisition was carried out through TNOG Oil and Gas Limited an affiliate of Heirs Holdings which will have sole operatorship of the asset. The Chief Financial Officer of TNOG Oil and Gas Limited, Sam Nwanze joins CNBC Africa for more.
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.