BTG PACTUAL
2016 / 2017
OML 127 & 130
Agbami Akpo & Egina – Nigeria
Wellpoint along with Oracle Energy participated in the Brazilian bank process to sell its 40% stake in Petrobras Oil & Gas BV (POGBV). In 2016 Wellpoint offered $l.2 billion for the 40% stake. Oracle was run by Darrell Mc Kenna, former Chief Operating Officer of Kosmos Energy along with its Managing Director Peter Francis formerly of ExxonMobil.
PETROBRAS
2017
OML 127 & 130
Agbami Akpo & Egina – Nigeria
Wellpoint was invited by Scotia Bank to engage in the divestment process of the 50 % stake in POGBV owned by Petrobras. The company explored the possibility and weighed its options against opportunities to come in the near future.
NIGERIAN NATIONAL PETROLEUM CORPORATION
2017 / 2019
OML 119
Nigeria
The Company received a formal and private correspondence from NNPC to explore the possibility of acquiring and enhancing the production of OML 119. The proposal also came with the opportunity to re-structure debt of approximately $2.6 billion. What started as a private transaction was converted to a public process led by Wood Mackenzie. The company made an offer of $860 million and a debt re-structuring of $1.2 billion.
ERIN ENERGY
2018
OML 120 & 121
Nigeria
Erin Energy and Wellpoint explored the possibility of an acquisition with Erin being the targeted firm. The assets of interest were OML120 & 121 offshore Nigeria with significant proven reserves and upside potential