Gulf Oil and Gas accountACCOUNT

Petrobras Acquires Exploratory Block in Nigeria

Source: www.gulfoilandgas.com 9/1/2005, Location: Africa

Share |
Petrobras announces that it acquired in an international auction held by the Nigerian government an exploratory block " the OPL 315", as an operator in deep Nigerian waters. The Company made the winning bid with an offer of US$ 180 million, with 45% participation, in partnership with Statoil (45%), from Norway, and the Nigerian Ask Petroleum System (10%), in compliance with the auction requirements.

The OPL 315 block, with an area of 1,030 squared meters, is situated in the northwest of the Niger River Delta basin, in waters between 1000 and 2000 meters deep. It is geographically close to the city of Lagos, in a geological environment similar to the one of the giant oil-bearing fields of Bonga and Erha, as well as the Abo field, which is already in production. In the auction, known as the Nigeria 2005 Bid Round, there were about 65 blocks on offer in several of the sedimentary basins of the country.

Petrobras already participates in oil exploration in Nigeria, positioned in a focused area in the deep-water sector, where tit has participation in blocks OPL 216, 246 and 324, the latter also as an operator. In the OPL 216 and 246 blocks, the company took part in the discovery of the giant oil fields of Akpo and Agbami, which as of 2008 should enter into production, making Petrobras Nigeria one of the largest producers of the Petrobras Group outside Brazil.

Acquisitions and Divestitures News in Nigeria >>

Gabon >>  2/27/2017 - Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is...
Canada >>  2/25/2017 - Canadian oil and gas producer Husky Energy Inc is mulling paring down its stakes in some of its Eastern Canadian offshore assets, in a move that could...

United States >>  2/24/2017 - The Bureau of Ocean Energy Management (BOEM) plans to offer approximately 1.09 million acres in Cook Inlet off Alaska’s southcentral coast in a propos...
Senegal >>  2/23/2017 - Kosmos Energy has received government approval and completed its previously announced transaction with BP in Senegal. Under the terms of the deal, BP ...

United States >>  2/23/2017 - Nostra Terra (NTOG) is pleased to announce the acquisition of producing assets in the Permian Basin, Texas, along with the receipt of US$100,000 in co...
Gabon >>  2/22/2017 - Panoro Energy ASA (Panoro) is pleased to announce that on 21 February 2017 its fully-owned subsidiary, Pan-Petroleum Gabon B.V. (PPGBV), has entered i...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |

Oil & Gas Projects in Nigeria >>

More News

 

Oil & Gas Companies in Nigeria >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.