Erin gives up the battle in Nigeria but still hoping to win the war

摘要

Erin Energy has given up fighting the headwinds and has applied for Chapter 11 bankruptcy in the hope of coming out of the other side a stronger company. The firm is the subject of several investigations and legal cases but has been trying to raise the money for appraisal on its new deepwater Miocene Oyo Northwest discovery off Nigeria near its producing Oyo field in OML 120.