Acquisition announced in August of a 45 per cent participating interest in the Production Sharing Contract in relation to OPL 276, covering a territory located onshore in the eastern Niger Delta basin. Four wells have been drilled in the licence area, resulting in four discoveries (two oil and two gas) with preliminary resource estimates, based on data from the four wells, of gross recoverable volumes of 29 million barrels of oil and 333 Bcf of gas, with upside of 33 million barrels of oil and 476 Bcf of gas (recoverable).
Coming soon
March 21, 2025The Federal Government has inaugurated a 12-million cubic feet gas extraction plant and a 20-megawatt gas-to-power facility in Otakikpo, Ikuru, locate…
March 5, 2025Nigeria’s crude oil production has risen to 1.8 million barrels per day (bpd), reflecting renewed efforts to stabilize and expand the sector. A key …
