As reported in late November 2018, Eniâs partner New Age (African Global Energy) Ltd via its local subsidiary New Age M12 Holding Ltd (New Age) in the Marine XII (Litchendjili Marin, Minsala, Nene-Banga and Nkala) is looking to sell its interest. New Age holds a 25% interest in the blocks. According the report New Age has hired Evercore to help with the sale which may raise in the region of USD 1 billion.   Eni Operates the blocks with a 65% interest, New Age and SNPC hold 25% and 10% interest respectively
Eniâs partner New Age (African Global Energy) Ltd via its local subsidiary New Age M12 Holding Ltd (New Age) in the Marine XII (Litchendjili Marin, Minsala, Nene-Banga and Nkala) is looking to sell its interest. New Age holds a 25% interest in the blocks. According the report New Age has hired Evercore to help with the sale which may raise in the region of USD 1 billion. Eni Operates the blocks with a 65% interest, New Age and SNPC hold 25% and 10% interest respectively