- published: 10 Oct 2011
- views: 737
Three indigenous oil and gas exploration firms -- Optimum, Afren and Lekoil -- yesterday announced a significant oil find in Oil Prospecting Lease, OPL 310, offshore Nigeria. The latest find, which has great potential to yield commercial oil, was made at Ogo-1 well after drilling 10,402 feet. The discovery has the potential to significantly boost Nigeria's oil reserve which currently stands at 37 billion barrels. Afren Plc said it had drilled a well to a total measured depth of 10,518ft (10,402ft true vertical depth subsea), and had encountered a gross hydrocarbon section of 524ft, with 216ft of net stacked pay. The firm added that the well was initially targeted to yield 78 million barrels of oil equivalent but based on evidence to date, targeted resources were likely to be significant...
The chief executive of First E&P, Ademola Adeyemi–Bero, says the private oil firm is preparing to development its offshore assets in Nigeria after more than two years of searching for opportunities. First E&P currently has an equity interest in 5 licences (and is operator is 4), but still needs to secure funding before it sees first oil. The two most significant blocks, in shallow water, are “excellent assets” according to the CEO, who is now working with Deutsche Bank to arrange debt and equity-type financing.
Ameche Colvis Amuegbunam has been arrested on charges of fraud charges, after tricking 17 Texas companies into handing over more than $600,000 through a “business compromise email“ (BCE) scam. Amuegbunam’s scam used false documents and emails to convince companies to wire money to offshore bank accounts. From October 2013 to August 2015 BCE scams targeted 7,066 US citizens. Amuegbunam was one of 17 people creating and distributing fraudulent documents. Amuegbunam is facing up to 30 years in prison. Nik Zecevic and Jose Marcelino Ortiz discuss the scheme further on the Lip News. http://thenationonlineng.net/nigerian-arraigned-for-duping-u-s-firms-of-600000/ Newest Lip News playlist: https://www.youtube.com/watch?v=hqgo8_2AGOg&index=1&list=PLjk3H0GXhhGcjJDo6cQBCQprDMQyUQY3r CRIME TIME cli...
Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive they've engaged two investment banks for a potential funding of the group’s plans in Nigeria. Paris based COFARCO SAS and London’s Zeus Capital have been tasked to raise funds for drilling on the OPL 226 asset, offshore Nigeria.
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The giant Agbami Field is one of the largest deepwater oil offshore discoveries in Nigeria. It's estimated to hold potentially recoverable volumes of 900 million barrels of crude oil and natural gas liquids and is expected to reach a maximum daily production rate of 250,000 barrels. The cornerstone of the development is one of the world's largest floating production, storage and offloading (FPSO) vessels. Key components of the FPSO were fabricated in Nigeria, setting a benchmark for using Nigerian goods, labor and services. Agbami represents not only a new source of energy supply, but also provides employment and economic opportunities for Nigeria. Chevron Human Energy Stories: http://www.chevron.com/stories/energy.stories/allstories/agbami/ -
More than two decades ago, Nigeria’s Ogoni people forced Shell Oil Company to cease drilling on their land, saying it was polluting the environment. Now, some Ogonis say it’s time for the oil to flow once again. Chris Stein reports from Kegbara Dere, Nigeria.
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AMENOM PROJECT, NIGERIA
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This is a shortened version of an Induction Video for an FPSO Offshore West Africa. Hardhat Media & Communications carried out the whole production, including complete script preparation, filming & editing. Hardhat Media & Communications have long experience at technical and safety videos for oil/gas/mining on 6 continents, and will be pleased to help design and produce your next Induction, Safety, Environmental or Project Progress video.
Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a barrel, the country’s oil minister said on Wednesday. Nigeria’s government relies on oil for around two-thirds of its revenue and Africa’s largest economy is still largely dependent on crude production despite the current administration’s attempts to diversify away from the industry. Those efforts have yielded few results, economic data shows. Under the deep offshore act, there was a provision in 1993 that allowed for the government to charge oil companies a premium for the administration’s share of sales once the price of crude exceeded $20 a barrel. The Nigerian government has not enforced that provision but could now look to ...
Flight low along coast & back to Funiwa
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