Chappal Energies completed the acquisition of Nigerian assets of Equinor for $1.2bn.

Chappal Energies, an ESG-centered energy company, completed the acquisition of Nigerian assets of Equinor, a Norwegian state-owned multinational energy company, for $1.2bn. All of Equinor’s assets in Nigeria have been transferred to Chappal Energies as part of this transaction. The local employees will continue to be employed by the transferred company under the control of the new owner, marking a complete country exit for Equinor.