Appraisal Opportunity – Offshore Niger Delta

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Opportunity
Appraisal Opportunity – Offshore Niger Delta
Summary
Region:
Middle East/Africa
Country
Nigeria
Company:
Sigmund Oildfields
Company Logo:
Address:
No. 7, T. Y. Danjuma Street, Asokoro, Abuja, Nigeria
Tel No:
14038709881
Email:
Website:
Date posted:
January 11, 2017 at 5:32 pm
Type of Deal:
Farm Out
Hydrocarbon Type:
Oil/Gas
On/Offshore:
Offshore
Opportunity Details:

Sigmund Oilfields Ltd (“Sigmund”) is pleased to announce the recent completion of a Competent Persons Report for Sigmund-operated offshore Nigeria block OPL-2012. The report confirms the presence of a significant contingent oil, gas, and condensate resource within an extension of the Agbara field across the boundary of OPL-2012. The estimated resource has the potential to support a stand-alone or shared facility development and provides an opportunity for early cash flow. “We are delighted with these results”, commented Sigmund’s Chairman Chief Chris Ubah. “The report confirms our long-held belief that a substantial prize exists within the boundaries of OPL-2012. The opportunity to test an extension of a material producing field such as Agbara is quite unique in Nigeria. We are now embarking on a campaign to secure the investment to drill an appraisal well.”

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Uploaded by Phil Miller
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