Post by
argaiv on Dec 31, 2021 12:21am
What Is The Potential
To invrease our reserves in offshore Nigeria. I have not done a lot of homework regarding this issue. Happy New Year to all!!!
Comment by
Lonegaurdian19 on Dec 31, 2021 7:49pm
There are two potential tie ins, I think it's like engina south and another. Total was waiting on the new petroleum agreement and license extension to commit capital to it. I believe both would be needed to maintain current production at the FPSO not necessarily increase it.
Comment by
toptiger on Jan 01, 2022 8:50am
the other is preorie however you spell it, which i think is a fairly small field, maybe 100m barrels from memory and would keep the fields going longer (and dont think it is a wildcat in any shape or form, just needs capital i think)
Comment by
pantonorr on Jan 03, 2022 12:43pm
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Comment by
Malpeque2 on Jan 01, 2022 9:40pm
No exploration being done on these two production blocks. There is some Cap-ex required for development drilling to extend the life of the existing production. Not a lot of cap-ex going on here since the acquisition. A good low cost cash flowing asset.