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 >>

Jamaica >>  3/24/2017 - Marubeni Corporation (Marubeni) is pleased to announce its participation in the Old Harbour gas-fired power station (Old Harbour Project) in Jamaica t...
United Kingdom >>  3/24/2017 - Azinor Catalyst (Catalyst), the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf (UKCS), has been awarded two...

Canada >>  3/23/2017 - Pengrowth Energy Corporation has entered into an agreement for the sale of its non-producing Montney lands at Bernadet in North East British Columbia ...
United Kingdom >>  3/23/2017 - Statoil was awarded six UK licenses, five as operator and one as partner, in the 29th Offshore Licensing Round, announced by the Oil and Gas Authority...

United Kingdom >>  3/23/2017 - On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had ap...
United States >>  3/23/2017 - Statoil resets its exploration in the Gulf of Mexico and was today deemed high bidder on 13 leases in the 2017 Central Lease Sale. Statoil successfull...

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.