OPL 281

OPL 281
Type	Company
Industry	Oil & gas
Headquarters	Nigeria
Key people	Emmanuel Nnorom, Chairman
Products	Petroleum
Website	http://www.teragro-ng.com

OPL 281 is an asset of Transnational Corporation of Nigeria (Transcorp) Plc headquartered in Lagos, Nigeria. OPL 281 is one of the most prolific remaining oil and gas exploration assets in the Niger Delta. The substantial reserves form part of Transcorp’s integrated energy strategy, which combines power generation, downstream refining and petrochemicals.

History

In May 2014, Transcorp signed a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) and obtained full regulatory approvals to begin oil and gas prospecting in OPL 281. There was also a partnership agreement entered into with Sacoil Holdings of South Africa. This agreement entered into a cul-de-sac in early April 2015 as Sacoil announced they were pulling out of the partnership as a result of its ongoing portfolio rationalization. The pulling out of the South African Oil Giant did not in any way affect the funding of the oil block. Transcorp hopes that by 2017, OPL 281 will begin oil and gas production and has so far acquired and evaluated some 150 km² of 3D seismic, with its first well planned for drilling by the end of 2015.

Operator

Transcorp Energy is the operator of the OPL 281.

Competitors

1. OPL 302
2. OPL 226
3. OPL 215
4. OPL 840
5. OPL 902
6. OPL 310
7. OPL 311
8. OPL 238
9. OPL 108
10. OPL 227
11. OPL 96
12. OPL 112
13. OPL 117
14. OPL 109
15. OPL 103
16. OPL 458
17. OPL 136
18. OPL 115
19. OPL 110
20. OPL 120
21. OPL 121
22. OPL 122
23. OPL 205
24. OPL 206
25. OPL 305
26. OPL 306
27. OPL 216
28. OPL 114
29. OPL 239
30. OPL 234
31. OPL 231
32. OPL 113
33. OPL 248
34. OPL 249
35. OPL 140
36. OPL 59
37. OPL 320
38. OPL 245
39. OPL 915
40. OPL 916
41. OPL 284
42. OPL 228
43. OPL 332
44. OPL 274
45. OPL 4
46. OPL 38
47. OPL 41
48. OPL 40
49. OPL 26
50. OPL 42
51. OPL 34
52. OPL 281
53. OPL 242
54. OPL 291
55. OPL 130
56. OPL 278
57. OPL 236
58. OPL 325
59. OPL 241
60. OPL 98
61. OPL 275
62. OPL 289
63. OPL 907
64. OPL 917
65. OPL 276
66. OPL 283
67. OPL 905
68. OPL 135
69. OPL 733
70. OPL 809
71. OPL 810
72. OPL 722
73. OPL 2008

References

This article is issued from Wikipedia - version of the 3/16/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.