Total Signs Farm-in Agreement on Two Offshore Blocks

Source: www.gulfoilandgas.com 7/27/2006, Location: Africa

Total announces that its wholly-owned Nigerian operating subsidiary, Elf Petroleum Nigeria Limited (EPNL), has signed a farm-in agreement with Amni International Petroleum Development Company Limited, for the Oil Mining Licences (OMLs) 112 and 117 offshore southeast Nigeria. With this agreement, EPNL has acquired a 40% participating interesting in both OMLs.

OMLs 112 and 117 are located in the eastern part of the Niger Delta, at about 20 kilometres from the Bonny LNG plant. Together, they cover an area of 550 square kilometres in water depths between 10 to 15 metres.

EPNL is the technical partner and will operate the appraisal and development on behalf of Amni. An appraisal well, Ima 12, has just been drilled and confirmed the gas reserves of the acreage. Tests are currently ongoing to ascertain the quality of the gas and the nature of the reservoirs. The gas reserves will supply Total’s future projects in Nigeria.

The development of offshore fields in Nigeria constitutes one of the principle growth areas for Total in Africa, in particular with the development of the Akpo field, with start-up planned for late 2008 at a level of 225,000 barrels of oil equivalent per day. Total also holds a 15 % stake in the Bonny liquefied natural gas plant. The development of Total’s presence in Nigeria, combined in particular with the growth of the company’s production in Angola, will enable Total to consolidate its position as leader among to other oil majors in Africa.


Nigeria >>  7/1/2022 - ADM Energy PLC, a natural resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil fie...
Norway >>  7/1/2022 - Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a technology...

Norway >>  7/1/2022 - The farmin agreement with OMV (Norge) AS ("OMV"), which was first announced on May 9, 2022, has now been concluded, according to Longboat Energy, an u...
Nigeria >>  6/30/2022 - Reference is made to previous stock exchange releases by PetroNor E&P ASA (“PetroNor") regarding the acquisition of Panoro Energy ASA’s (“Panoro”) int...

United States >>  6/30/2022 - U.S. Energy Corp. has entered into an agreement (the “Agreement”) to acquire operated oil and gas producing properties in an all-cash transaction (the...
Tanzania >>  6/29/2022 - Wentworth, the independent, Tanzania-focused natural gas production company, is pleased to provide an update on its agreement with Scirocco Energy plc...

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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.