Gulf Oil and Gas accountACCOUNT

Nigeria: Total Signs a new Production Sharing Contract for Deep Offshore Concession in Nigeria

Source: www.gulfoilandgas.com 11/20/2003, Location: Africa

Total announces that company's Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd (EPNL), has signed a Production Sharing Contract with the Nigerian National Petroleum Corporation (NNPC) for the Oil Prospecting License (OPL) 221 located in southeast Nigeria.

The deep offshore concession lies in water depths of between 200 and 1,000 meters. OPL 221 is in a high potential area just west of the OPL 222 where EPNL, as operator, has made significant commercial discoveries in the Ukot (1998) and Usan (2002) fields. Both fields are currently being considered for development.

While NNPC is the concession holder, EPNL is operator of the permit with a 100% stake. Exploration activities are planned to start immediately with the implementation of a seismic survey programme.

Nigeria is the Africa's largest oil producer and will continue to be so as deepwater discoveries come on stream. The signing of this contract is an additional step that confirms Total's determined growth strategy in Nigeria, and demonstrates its commitment to and confidence in the country's oil and gas industry's development potential.


Offshore Construction News in Nigeria >>

Mauritania >>  4/9/2019 - BP has awarded KBR's UK operating subsidiary the Pre-FEED Services contract for Phases 2 and 3 of BP's Greater Tortue Ahmeyim project, for the further...
Nigeria >>  1/7/2019 - Penspen, a leading global provider of engineering and project management services to the energy industry, is pleased to announce that it has been awar...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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

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 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.