Opportunity | Appraisal Opportunity – Offshore Niger Delta |
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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.” |
Further information: | |
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Uploaded by | Phil Miller |
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