Row rect Shape Decorative svg added to bottom DEALS | 29 MARCH 2019 Funding that makes a shared future possible Absa | Corporate and Investment Banking > Insights and Events > Funding that makes a shared future possible SHARE Funding partner to Heirs Holdings and Transcorp, for their USD 1.1 billion acquisition of OML 17. We are proud to have showcased our continued support for the Natural Resources and Energy sector in Africa, in particular the Nigerian upstream sector, where Absa has an enviable track record in funding world class operators. This transaction, which is the largest oil and gas M&A deal in Africa in recent times, will enhance economic development in Nigeria and strengthen Heirs Holdings and Transcorp's impact on local communities. Some of the transactions we concluded in the oil and gas sector include: Funding NLNG Train 7 in Nigeria JV funding for SPDC, Eni, Total, NNPC and Chevron for various onshore and offshore assets in Nigeria Support for Prime Oil & Gas via a RBL facility for its Nigerian offshore assets Absa has also been active in funding the landmark Mozambique LNG transaction “This landmark transaction showcases our continued support for the Natural Resources and Energy sector in Africa. It will enable further infrastructure development within the Niger Delta and create local employment” – Johan Koorts, Senior Banker, Absa CIB. Contact Theuns Ehlers, Head of Resource and Project Finance to find out more https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles AWARDS Driving Client Success Through Treasury Excellence Across Africa Celebrating AB InBev Africa’s 2025 Adam Smith Award Win for Best-in-Class Treasury Solution Read more EVENTS Naamsa 2025 Discover new possibilities at the South African Auto Week, proudly sponsored by Absa and hosted by NAAMSA from 1 – 3 October 2025 in Gqeberha. As the automotive sector shapes the future, Absa stands alongside innovators and pioneers to drive growth, and shared prosperity. Read more EVENTS Sibos 2025 Artificial Intelligence is redefining global transactions with speed and intelligence. But the future of finance isn’t about faster systems alone. It’s about enabling access, building resilience and trust across payments, securities and cash management and trade - delivering clarity and confidence into every transaction. Read more
