Abuja, Oct. 28 -- Sterling Oil Exploration and Energy Production Company (SEEPCO), owned by the Sandesara family, has acquired Italian energy major Eni's Nigerian subsidiary Agip Energy and Natural Resources (Nigeria) Limited (AENR), adding a 5 per cent participating interest in the Renaissance joint venture, one of Nigeria's major onshore and shallow-water oil and gas partnerships.

Eni announced that it had completed the sale of AENR to Apex Global Energy Limited, a wholly owned subsidiary of Sterling Oil, after receiving approval from all relevant authorities. The financial details of the transaction were not disclosed.

Eni described Sterling Oil as "one of Nigeria's leading operators in the onshore sector" and said the transaction wa...