$20,000,000
Nigeria OML 109
Atlas Petroleum (Oranto) is looking for partner to explore and develop prospects identified outside of the Ejulebe oil field area. The block contains 12 prospects and 5 leads of total 366 mmbbls oil 2P reserves and 2 TCF 2P gas reserves. The biggest identified prospect is Tuna south, having 2P oil reserves of 114 mmbbls.
Details
Asset Name
: OML 109
Ref
: AF-NGA-OML109
Continent
: Africa
Country
: Nigeria
Location
: Offshore
Project Phase
: Appraisal / Development
Latitude
: 5.4173
Longitude
: 5.0492
License Start
: 2017
License Expiry
: 2037
Operator
: Atlas Petroleum
Farmout company
: Atlas Petroleum
Mandated Agent
: Simco Petroleum
Work Programmes
: Drilling, Development
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $20,000,000