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OPL 2007 Awarded to Conoil

1st May, 2007

hexgear

Previous concessionaires: Elf / NNPC JV
OPL 2007 was awarded to Continental Oil and Gas in May, 2007 and a PSC contract was signed with NNPC on 17th October, 2008. The area consists of a land / swamp terrain. There are currently field development concepts under evaluation and the five existing fields are named Obodo, Okpoko, Upomami, Aghigho and Ekokor. A total of 143 wells were drilled in the five fields prior to community disturbances leading to production stoppage in 2003. The 1st oil from this site is expected mid 2011.

Asset: OPL 2007 Source: http://www.conoilproducing.com...

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