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Sirius Acquires Oil Block in Niger Republic

Source: www.gulfoilandgas.com 3/18/2015, Location: Africa

Sirius Energy Resources has been awarded an oil exploration license in the north west region of Niger Republic. Sirius Energy Resources was among five companies that were successful in the recent bid for oil blocks in the country.

Sirius Energy Resources was awarded the “grein block” which lays roughly between latitudes 190 and 210 north and longitude 100 and 110 east covering approximately 22,020km2. the block consists of deep narrow grabens filled with cretaceous to tertiary sediments with thickness reaching at times 12,000m.

Grein is bordered on the west by the Tenere block owned by CNPC and estimated to have 1-3 billion barrels of probable oil reserves and north of the Agadem block with proven reserves of over 500 million barrels of oil and 10bcm of natural gas, also being exploited by CNPC.

Tony rapu, the chief executive officer, acknowledged the corporation of the government and people of niger and the CNPC in the award of the concession license to sirius group and further pledged that sirius group will continue to uphold quality, corporate governance and innovation in its business engineering processes to attract capable hands and will always consider its community social responsibility efforts in strengthening its business ties with its host community.

For more information about related Opportunities and Key Players visit West Africa Projects

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  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 


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