DLA Piper advises Oando on acquisition of ConocoPhillips’ assets in Nigeria

DLA Piper has advised Oando, a Nigeria-based integrated energy solutions provider, on the $1.65bn (£975bn) acquisition of ConocoPhillips’ offshore and onshore assets in Nigeria and the associated reserve-based, multi-source financing.

This acquisition will make Oando one of the largest indigenous oil producers both in Nigeria and Africa as a whole.

The DLA Piper team that advised on the acquisition was led by international head of finance and projects Charles Morrison, who was supported by senior associate Adam Blythe.

Partner Dimitri Papaefstratiou, legal director Jakub Kubicki, associate Pam Dusu and trainee Kirsty Law advised on all aspects of the multi-source financing of the acquisition, including reserve-based lending.