![]() They have appointed a South African environmental consulting firm to manage the environmental and social impact assessment process in preparation for permitting and drilling activity. The partners aim to conduct a two-well campaign on the block and are in talks with various parties on farming out an interest of up to 55%. The economic centre of Lagos and the rich oil fields are located in the south of the country, while the rural. Offshore South Africa, Africa Oil has a 20% operated stake in Block 3B/4B, which it views as on trend with the deepwater Venus and Graff oil discoveries offshore Namibia in the Orange Basin. ![]() That in turn could usher forward a final investment decision for the development of the Preowei oil discovery as a subsea tieback to the Egina FPSO to the south. ![]() In addition, Prime is working on a conversion of the Petroleum Industry Act terms for the OML 127 license, containing the Agbami Field, along with the early renewal of OML 130. Further to the grant of SunTrust Oils Participating Interest and the directive of the Nigerian Upstream Petroleum Regulatory Commission to. ![]() VANCOUVER, Canada - A new drilling campaign has started on the OML 130 Block offshore Nigeria with a well on the deepwater Egina oil field.Īccording to Africa Oil, which has a 50% shareholding in partner Prime, the multi-well program is designed to address the production decline from the block, which also contains the Akpo Field. According to data provided by the regulator, Nigerians are producing about 150,000 barrels of crude oil per day, representing six per cent of the Nigeria’s total crude production while foreign. ![]()
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