Chappal Energies Completes Acquisition of Equinor’s Nigeria Unit
- Nigerian regulators approved transaction in November
- Many oil majors divesting assets amid challenging conditions
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Chappal Energies has completed the acquisition of Equinor Nigeria Energy Company, a unit of Norway-based Equinor ASA, a transaction first announced in 2023.
Nigerian regulators approved the transaction in November after months of delay. It was completed through Project Odinmim, a special purpose vehicle owned by Chappal, at an undisclosed sum.