Julius Berger Forms Partnership with Indigenous E&P Firm

Thursday, June 22, 2017

Julius Berger formed a strategic partnership and signed a joint investment agreement with Petralon Energy Ltd. for the acquisition and development of oil fields in Nigeria.

In a statement on its website, the firm said the alliance was in line with its strategic goal to diversify into the oil and gas sector.

Petralon Energy is a Nigerian indigenous firm established to acquire, develop, operate and finance hydrocarbon assets in the Nigerian oil and gas sector.

Julius Berger said it would provide details as the transaction progresses.

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