Gulf Oil and Gas accountACCOUNT

Total Finalizes its Entry in OPL 247 in Nigeria

Source: www.gulfoilandgas.com 7/30/2007, Location: Africa

Total announced that its fully-owned Nigerian subsidiary, Elf Petroleum Nigeria Limited (EPNL), has finalized the acquisition of a 36% interest in deep offshore Oil Prospecting Lease (OPL) 247, operated by Chevron.

OPL 247 lies around 150 kilometres offshore southeast Nigeria in water depths of 1,000 to 1,500 metres. It is located near the main deep offshore operations currently being developed by Total. 3D seismic data has been collected and is being interpreted to prepare drilling of an initial well.

This acquisition extends Totalís acreage deep offshore Nigeria, where it has acquired extensive expertise operating five blocks near OPL 247. These include OML 130 (Akpo and Egina), OPL 221, OPL 222 (Usan) and OPL 223. Total and its partners will benefit from the Groupís experience in the area and from potential significant synergy in future exploration work and developments.

Acquisitions and Divestitures News in Nigeria >>

Congo >>  7/7/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announc...
Canada >>  7/6/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. ...

South Africa >>  7/6/2020 - Following an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the Environmental I...
United States >>  7/6/2020 - BP has completed the sale of its upstream Alaska business to Hilcorp and operations of the Prudhoe Bay oil field have been transferred to Hilcorp. The...

Canada >>  7/2/2020 - Advantage Oil & Gas Ltd. has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. ("To...
Nigeria >>  7/2/2020 - Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) plant in Nige...

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 


Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |

Oil & Gas Projects in Nigeria >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW 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 © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.