Afren Nigeria Holdings Limited (06033276): administration
- Status
- Administration ended
- Administration began
- 2015-11-30
- Administrators
- Simon Jonathan Appell, Catherine Williamson, Daniel Imison
- Administrators' firm
- AlixPartners
- Formerly
- Afren Nigerian Holdings Limited
- Incorporated
- 2006-12-19
- Location
- Manchester
- Industry
- 06100 Extraction of crude petroleum
Why it went into administration
- Funding withdrawn / unable to refinance
- Regulatory change or action
- Cash flow / liquidity pressure
- Management failings / irregularities
From the administrators' statement
This report should be read in conjunction with the Administrators’ Disclosure Report pursuant to Statement of Insolvency Practice 16 - pre-packaged sale of business or assets (the SIP16 Disclosure) dated 7 December 2015 and the Administrators’ Statement of Proposals in respect of Afren Pic, dated 23 September 2015
The Group's operations were organised into four geographical regions, Nigeria, West & South Africa, Eastern Africa, and the Kurdistan region of Iraq The Group’s activities spanned the full cycle of oil and gas exploration, appraisal and development, through to production and delivery The Group generated income from its core portfolio of oil producing assets, which comprise interests 1n three ol fields located in Nigeria, known as Ebok, Okoro-Setu and OML 26
The Company was incorporated on 19 December 2006 in England and acts as the holding company for all of Afren Ple’s investments in Nigeria The Company’s principal assets are its 100% shareholdings in its subsidiary companies, which in turn hold certain of the Group’s assets through Nigerian joint-venture subsidiary companies
Administrators' statement of proposals (2015-12-15) · Companies House register