Julius Berger diversifies into Oil & Gas Sector with Petralon partnershipJulius Berger has announced a strategic partnership and joint investment agreement with Petralon Energy Limited for the acquisition and development of oil fields in Nigeria.

According to the construction firm in a statement on Tuesday, the alliance was in line with its strategic goal to diversify into the Oil and Gas Sector.

Julius Berger further said it would provide further details to the Market as the transaction progress.

Petralon Energy is a Nigerian upstream energy company, established to acquire, develop, operate and finance hydrocarbon assets in the Nigerian oil and gas sector, with an overriding strategy to build an upstream energy company with a focus on the mature, marginal and non-conventional sector of the Nigerian oil & gas industry.

The company said it resourcefully sought out oil and gas prospects in other African countries with rapidly evolving oil and gas sectors, such as Ghana, Kenya, Namibia, Uganda and Angola.

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