Nigerian Farm-in Opportunity

Tuesday, January 31, 2017

Companies looking for access to acreage with good potential in Nigeria have a good chance in picking up a stake in OPL 2122 from Sigmund Oilfields Ltd. The company is looking to farm down a stake to secure investment to drill an appraisal well.

OPL 2122’s recently completed CPR confirmed the presence of a significant contingent oil, gas, and condensate resource within an extension of the Agbara field across the boundary of the acreage. The estimated resource has the potential to support a stand-alone or shared facility development.

The farm in would give interested firms an opportunity to test an extension of a producing field.

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