Acquisitions and Divestitures: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

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 >>

OMV Has No Intention to Sell Stake in Borealis
  Austria >>  3/27/2015 - Austrian energy group OMV does not plan to sell its 36-percent stake in plastics maker Borealis, supervisory board chief Rudolf Kemler said. ...
Chevron Announces Sale of Interest in Caltex Australia Ltd
  Australia >>  3/26/2015 - Chevron Corporation's wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sa...

Cue Energy Receives Approval for Farm-in to Mahato PSC
  Indonesia >>  3/26/2015 - Cue Energy Resources has received government approval for the farm-in agreement with Bukit Energy Central Sumatra (Mahato) to acquire a 12.5% particip...
BP Sees TANAP Gas Pipeline Project Deal Within two Months
  Azerbaijan >>  3/25/2015 - British oil major BP expects to sign a deal with the Trans-Anatolian Natural Gas Pipeline (TANAP) project within two months to become a stakeholder in...

Petroceltic and Hess to Relinquish Dinarta Licence
Iraq >>  3/25/2015 - Petroceltic International plc provides an update with respect to its operations in the Kurdistan Region of Iraq. ...
SPDC Completes Sale OML29 & Nembe Creek Trunk Line
  Nigeria >>  3/25/2015 - The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its ...



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

Related Articles: 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 |

More News

Oil & Gas Projects in Nigeria >>

Oil & Gas Companies in Nigeria >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed