Related Articles
ADM Energy has a strategic alliance with Trafigura
Forward article link
Share PDF with colleagues

Nigeria’s ADM eyes further upstream acquisitions

Nigerian independent ADM Energy is seeking more West African assets to further its recent growth

“We remain in the market for new opportunities to accelerate our growth...it remains a buyer’s market”, ADM Energy’s CEO Osamede Okhomina says, while also specifying “high quality assets in West Africa with substantial upside.” The firm “is in a strong position to de-risk projects through our technical expertise and access to capital,” he adds. Earlier this year the company acquired a controlling interest in a Risk Sharing Agreement (RSA) for the Barracuda field (OML-141), an existing discovery which covers a large area of the Niger Delta. ADM has commissioned an on-going technical survey. ADM also still has a strategic alliance in place with trading firm Trafigura. Their agreement was ex

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European chemicals sector rises to climate challenge
1 December 2021
Industry responds to EU’s ‘Fit for 55’ package with new business models and alliances with other sectors, says PwC’s global head of chemicals
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Indian government seeks energy investors
1 December 2021
Delhi is looking to the Mideast for energy investment, oil ministry secretary Tarun Kapoor tells Petroleum Economist
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video