Aiteo

"Also speaking, the Managing Director of SPDC and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, described the event as a major step towards the fulfilment of “the nation’s aspiration of growing indigenous participation in the up¬stream sector of the oil and gas industry.” He described OML 29 as one of the biggest onshore oil blocks that Shell has ever di-vested in the country."

Aiteo, Shell sign MoU on acquisition of OML 29 equity

“To finance our asset acquisition and operations, Aiteo has raised facilities from a consortium of banks, including Citibank, First Bank, Zenith and Union Bank. These creditors have duly subjected Aiteo to corporate governance and due diligence tests..."

Aiteo ‘meeting obligations on OML 29’ - The Nation Nigeria AN oil company, Aiteo, declared yesterday that it is delivering on its obligations on Oil Mining Lease (OML) 29.