As an upstream oil and natural gas exploration and production company, Eroton E&P was incorporated to engage in the exploration and production of crude oil and natural gas. In February 2014 the Eroton consortium submitted a competitive bid for the 30% interest of Shell Petroleum Development Company of Nigeria Limited, 10% interest of Total E&P Nigeria Limited and 5% interest of Nigerian Agip Oil Company Limited’s (“The Assignors”) for a total of 45% interest in OML 18. The deal was concluded in October 2014.
