$20,000,000
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Nigeria OPL 320
Oranto are seeking a partner to develop the Echim-1 discovery and drill other prospects.
OPL 320 is located offshore Nigeria, in western Niger Delta, north of Shell’s Bobo discovery. The block holds the Echim-1 discovery well estimated at 76-186mmboe proven reserves at two reservoir levels, with upside resource potential on the block of 1.1 bboe in different reservoir levels. Further prospects have been identified in the licence.
Details
Asset Name
: OPL 320
Ref
: AF-NGA-OPL320
Continent
: Africa
Country
: Nigeria
Location
: Offshore
Project Phase
: Appraisal / Development
Latitude
: 5.0792
Longitude
: 4.0183
Operator
: Oranto Petroleum
Farmout company
: Oranto Petroleum
Mandated Agent
: Simco Petroleum
Work Programmes
: Drilling
Back Costs
: > $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $20,000,000