NEWS ROOM  
 

:: Company News

 
     
  ARCHIVE  
  :: 2003  
  :: 2004  
     
     
     
     
     
     
     
     
     
 

COMPANY NEWS

 
     
 

Total signs production sharing contract in Nigeria’s Deep Offshore

Posted: 25 July 2005
Send this article

Total’s Nigerian operating subsidiary, Elf Petroleum Nigeria ltd (EPNL) has signed a production sharing contract with the Nigerian National Petroleum Corporation (NNPC) for the Oil Prospecting License (OPL) 223 located offshore southeast Nigeria.

OPL 223 lies in water depths of between 200 and 1,000 metres. This license lies just east of OPL 222 where EPNL, as operator, has made significant commercial discoveries in the Ukot and Usan fields. Both fields are currently under consideration for development.

NNPC is the concession holder on OPL 223 with ENPL as the operator of the permit holding a 90 per cent stake with the Nigerian Petroleum Development Company, a subsidiary of NNPC , holding a 10 per cent participating interest.

Exploration activities are planned to start soon with the implementation of a seismic survey programme.



Posted by Editor Pipeline Magazine
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Reflex Publishing ME FZ LLC.

Send press release to info@pipelinedubai.com

 
     

 

© Copyright 2002. Reflex Publishing ME FZ LLC. All rights reserved.
Pipeline Magazine, PO Box 500643, Dubai Media City, Dubai, UAE
Tel: +971 4 3910 830 | Fax: +971 4 390 4570 | E-mail - info@pipelinedubai.com