The group presently comprises of CC, COPL
and Crescent Chemsol Pvt Ltd (CCPL).
COPL said that the assets purchased through the joint venture will be held in a special purpose vehicle registered in Bermuda, named Shoreline CanOverseas Petroleum Development Corporation Limited (ShoreCan or the JV), where in COPL and Shoreline would own a 50 per cent interest in ShoreCan.
Karim adds, I believe that the technical expertise of the COPL team will complement our own experience in Nigeria and we look forward to working with a management team motivated by the opportunity that exists in Sub-Saharan Africa for exploration, development and quality production.
is an international oil and gas exploration and development company focused in the offshore West Africa.
This transaction closed on 5 April 2013 with ExxonMobil Exploration and Production Liberia Limited and COPL
having received the final approval from the Liberia national legislature and Liberia President Ellen Johnson Sirleaf.
acquired 100% stakes in Block LB-13, which includes an area of about 2,400 square kilometres and is nearby to blocks LB-14 and LB-12.