ConocoPhillips signed agreements with affiliates of Oando Plc to sell its Nigerian business unit for $1.79 billion.
- 95% operated interest in OML 131 (Chota field) and 20% non-operated interest in OPL 214 (Uge field) and onshore OMLs 60-63 (NAOC JV)
- Also included a 20% non-operated interest in the Kwale-Okpai Independent power plant and a 17% non-operated interest in the Brass LNG project
The oil spill at Akala Olu community, AHOADA WEST, Rivers state is estimated to affect an area of ha in size. The causative factors include (Leakages) and there has been no clean up action. The concessionaire is AGIP and the livelihood of the people include Farming and there are about 1200 people likely to be affected.