OFFSHORE NIGERIA PROJECT
1-Offshore Block.
NIGER DELTA AREA
Multiple Leads Identified.
3D Seismic Data Available
SEEKING JV PARTNER
MidCase Potential Reserves: 749 BCF
CALL AGENT FOR ADDITIONAL INFO
DV 5124FO
| Offshore |
Land Base |
| Conventional |
Play Type |
Deal Summary
Update, 14-Aug-2020. The package is still up for sale, based on field intelligence.
Oranto Petroleum Ltd has retained Simco Petroleum to assist in the farm-out of interest in OPL 293, offshore Nigeria.
Highlights:
-- Located in the Southern part of the offshore Niger Delta;
-- Covers 1,023 sq km;
-- Water depth: 200 to 1,100 meters;
-- Awarded in May-2015 with a 10 year exploration period;
-- Originally part of OPL 218 awarded to Statoil;
-- Statoil conducted two 3D seismic surveys in the southern portion of the licence in 1995 and 2001, and drilled the Gbigiri-1 well in Feb-1997;
-- Holds the SW Diapir and South Central leads;
-- Ownership structure: Oranto (100%).
In return for interest in the block, interested parties will be required to carry Oranto's costs through the future exploration program and also cover for the initial signature bonus.
Company Background
The Nigerian multi-millionaire Prince Arthur Eze owns Oranto Petroleum.
Oranto Petroleum operates as a subsidiary of Atlas Petroleum International Ltd. They have acreage in Nigeria, Equatorial Guinea, Cote D’Ivorie, Sierra Leone, Liberia, Ghana, Mali, Senegal, Benin, Gambia
Oranto Petroleum Ltd. provides oil and gas exploration and production services. The company operates OPL 320, OPL 293, CI-205, CI-206, LB-12, and Sao Tome oil bloc. The company is based in Nigeria.
Agent Background
Simco was established in 1996 in London, England, a global oil industry capital.
Simco is an independent advisory company offering support and management services to the upstream oil and gas industry in relation to their exploration and production activities.
Simco represents client oil and gas companies in asset transactions (acting in either a vendor or purchaser capacity in their disposal or acquisition of licenses and permits), provides support services for the management of oil and gas licenses and assists clients in the formulation and execution of business strategies to establish and grow license portfolios.
Simco also provides independent business evaluations and produces valuation reports including Competent Persons Reports (CPR) for the requirements of the investment community.
Simco's skills-base of in-depth technical knowledge - geology, geophysics and petroleum engineering - is combined with its deal-making and financial.
