We are thrilled to note the closing of our client Chappal Energies’ acquisition of Equinor Nigeria Energy Company (ENEC) Equinor’s Nigerian business. This milestone acquisition includes Equinor’s stake in OML 128 (holding a unitized 20.2% of the offshore Agbami oil field), and marks a significant step for Chappal Energies in unlocking Nigeria’s upstream oil and gas potential.
Eneriom acted as Debt Structuring Advisor for the transaction, assisting Chappal in raising senior and junior tranches of debt in support of closing the transaction. From the beginning of the bidding process, Eneriom has provided independent financial advice to Chappal in support of structuring a bankable and sustainable transaction. We will also continue to support Chappal post-closing, providing full-financial lifecycle advisory.
Congratulations to Chappal Energies on this transformative achievement and for driving value in Nigeria’s energy sector!