Gulf Oil and Gas accountACCOUNT

Production Crude Handling Agreement for Ugo-Ocha Offshore Terminal

Source: 2/11/2019, Location: Africa

Sirius Petroleum, the Nigeria-focused oil and gas development and production company, is pleased to announce that it has entered into a Crude Handling Agreement (“CHA”), in line with the Company’s commercial offshore strategy, with the Terminal Operator of the Ugo-Ocha Floating Storage & Offloading unit (“FSO”) with offtake from production wells delivered via coastal tankers to the FSO.

The Ugo-Ocha oil terminal is located offshore within the waters of the Exclusive Economic Zone of Nigeria and can store up 2,000,000 bbls of crude. The CHA provides for crude handling, receipt, storage and delivery, quality assurance, health, safety and environment and regulatory compliances.

Bobo Kuti, CEO of Sirius Petroleum plc, said:
“We are pleased to have secured this agreement to export our crude production through a secure offshore terminal which is in line with our commercial offshore strategy and provides the most flexible offtake option for our offtake partner.”

For more information about related Opportunities and Key Players visit West Africa Projects

Oil News in Nigeria >>

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: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

Related Links

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