Baltic Alliance Completes Divestment of Non-Operated Interest in Nigeria’s Bonga Field
Baltic Alliance today announced the successful completion of the divestment of its non-operated interest in the Bonga Field, a deepwater oil and gas asset located offshore Nigeria. The transaction marks a strategic step in Baltic Alliance’s ongoing portfolio optimization, allowing the Company to sharpen its focus on core growth areas and redeploy capital toward high-impact energy, infrastructure, and downstream opportunities across key markets.
The Bonga Field, one of Nigeria’s flagship deepwater developments, has played a significant role in the country’s offshore production landscape. Baltic Alliance’s non-operated participation in the asset provided valuable exposure to deepwater operations while reinforcing its long-standing engagement in Nigeria’s energy sector.
This divestment reflects our disciplined approach to capital allocation and portfolio management,” said Mr Williams Russell, a representative of Baltic Alliance. “We remain committed to Nigeria and to the broader African energy market, while actively aligning our investments with assets that deliver long-term value and strategic fit.”
The divestment was executed in line with applicable regulatory requirements and customary closing conditions. Financial terms of the transaction were not disclosed.
Baltic Alliance will continue to pursue selective investments across the energy value chain, including oil and gas, gas monetization, logistics, and energy transition initiatives, supporting sustainable growth and energy security in its markets of operation.