$30,000,000
Nigeria OML 26
First Hydrocarbon Nigeria has 45% working interest in the OML 26 block, situated in onshore Nigeria, western Niger Delta. FHN and NPDC formed a Joint Venture in 2016 to operate the asset. The block has 3 producing fields, Ogini, Isoko and Ozoro and production processing facilities are in place. The OML 26 block has c. 600mmboe 2P reserves and 2C resources and 450mmboe prospective resources.
Details
Asset Name
: OML 26
Ref
: AF-NGA-OML26
Continent
: Africa
Country
: Nigeria
Location
: Onshore
Project Phase
: Production
Latitude
: 5.5760
Longitude
: 6.4354
License Start
: 2019
License Expiry
: 2039
Operator
: First Hydrocarbon Nigeria
Other partners
: NPDC
Farmout company
: First Hydrocarbon Nigeria
Work Programmes
: Development, Production
Back Costs
: > $10m
Equity Offered
: 20 - 40%
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $30,000,000