DEALS | 29 MARCH 2019

Funding that makes
a shared future possible


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.

Related Articles


NBFI Insights 2023

Our foresight assists your business' sustainable growth potential. We understand that expert insights create great impact when actioned with collaboration, one sector at a time. 



We are committed to identifying and supporting fintech-related advisory opportunities. From facilitating mergers and acquisitions to capital raising in both public and private markets, our role extends beyond traditional banking boundaries.


NBFI Insights

As one of the largest funders of agricultural projects in sub-Saharan Africa, we are fortunate enough to have access to some of the most sophisticated farmers and agri-processing professionals on the continent. Couple this with the fact that we are one of the largest card issuers in South Africa and have access to data-rich consumer insights; we are uniquely positioned to track the journey of agriculture projects from farm to fork.