Africa Oil Announces Closing of Acquisition of Producing Assets in Deepwater Nigeria

Vinson & Elkins advised Africa Oil Corp. in the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. (“POGBV”).  BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The acquisition, the signing of which was announced in October 2018 with a valuation of $1.407 billion, closed on January 15, 2020.