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Forte Oil divests upstream services
May 29, 2018
Source: Vanguard

Forte Oil divests upstream services

In a major restructuring attempt, the Nigerian-energy group, Forte Oil Plc has revealed its intentions to divest its upstream services business (Forte Upstream Services Limited); power-generating business (Amperion Power Distribution Limited) and downstream business in Ghana (AP Oil & Gas Ghana Limited). Forte Oil would be using the funds from divestment on the downstream marketing business. This move will boost its distributable earnings for the benefit of shareholders.

   Read More About : DOWNSTREAM Ghana Nigeria UPSTREAM Forte Oil
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