
Tullow Oil, backed by Samuel Dossou-Aworet, writes down Kenya assets by $145.4 million
This underscores growing doubts about whether the company can push its long-delayed Turkana oil project to commercial production.
This underscores growing doubts about whether the company can push its long-delayed Turkana oil project to commercial production.
This acquisition aligns with Shell’s strategy to exit Nigeria’s onshore oil sector, where security risks, environmental concerns, and community unrest have posed persistent challenges.
An international tribunal ruled that the company is not liable for a $320 million tax assessment levied by the Ghana Revenue Authority.
Dossou-Aworet, through his wholly-owned Petrolin Group, holds a 13.87-percent stake in Seplat, representing 81,015,319 ordinary shares.
Dossou-Aworet leads Petrolin Group, a powerhouse in Africa's oil and gas sector, where he has brokered landmark deals and investments since 1992.
Notably, Waltersmith Group, led by Nigerian businessman Abdulrazaq Isa, brings extensive experience in oil exploration and production.
Dossou-Aworet has recorded a notable surge in his fortune, propelled by the performance of his holdings in Nigeria’s largest listed energy group.
Dossou-Aworet’s meteoric rise from humble beginnings to the pinnacle of Africa’s energy elite is a tale of determination and razor-sharp business acumen.