TEMPLARS Advises on Equinor’s $1.2 Billion Sale of Nigerian Subsidiary to Chappal Energies

The deal, valued at up to $1.2 billion, includes a base purchase price of $710 million, supplemented by contingent payments tied to future conditions.

The TEMPLARS multi-disciplinary team was led by Partner and Co-Head, Energy and Natural Resources, Dayo Okusami. He was supported by Senior Associate, Damilola Oshodi and Associate, Olaotan Oyekan.

Competition Law support was provided by Partner, Zelda Akindele, Disputes Support was provided by Partner and Head, Disputes Resolution Practice, Adewale Atake, SAN, with Managing Counsel, Stanley U. Nweke-Eze, Senior Associates, Orji A. Uka and Lawal Kazeem and Associate, Ifeoma Solanke. Tax support was provided by Partner, Sesan Sulaiman and Associate, Chibuike Ikefuna.

Labour Law support was provided by Partner, Inam Wilson, SAN, along with Managing Counsel, Oghomwen Akpaibor and Associate, Obi Meghoma while Corporate Law support was provided by Managing Counsel, Adenike Oyeledun and Associate, Deborah Ehanire.

Regulatory support was provided by Senior Associate and Head of TEMPLARS’ Abuja office, Inna Ali.

Dayo Okusami Stated: “We thank Equinor for their confidence in our firm. TEMPLARS are routinely instructed on market moving transactions and we are pleased to have acted on this high-value, highly complex, market defining transaction.”