Continental Focus, International Reach

COPL to Spud in Nigeria

Tuesday, March 27, 2018

Canadian Overseas Petroleum Ltd. (COPL) should see a spud in Nigeria during 2018 according to its 2017 Year End Results Report. The company said in the report that it, along with its JV partner and investment bankers are securing financing for its appraisal/development project on OPL 226.

The project is held through COPL’s JV with Shoreline Energy.

COPL and its joint venture partner are currently in discussions with potential contractors and suppliers to drill an appraisal well before the year is out.

Arthur Millholland, President & CEO, commented, “The past 12 months, our focus was, and continues to be, on developing our highly prospective oil appraisal and development project at OPL 226, offshore Nigeria. We look forward to drilling an appraisal well to the NOA-1 oil discovery and place it on production through an Early Production Scheme. This would be followed by the drilling of up to three additional similar wells on the prolific NOA Structure. This phase of the project would precede a full field development.”


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