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Friday, October 10, 2014
Tenoil Petroleum & Energy Services (Tenoil), a subsidiary of Heirs Holdings, has reached an agreement with Mobil Producing Nigeria Unlimited (MPN), an ExxonMobil subsidiary, for the drilling of an appraisal well on the Ata field. The field is located on Nigeria’s OML 68, which borders Tenoil’s OPL 2008 in the eastern Niger Delta.
Drilling will aid in evaluating whether there is an opportunity to jointly develop the Ata field, Tenoil said in a statement.
The company said the commencement of drilling at Ata field represents a further milestone in its emergence as one of Nigeria’s leading indigenous field operators.
| “Together with the development of OPL 281, which Tenoil operates on behalf of Transnational Corp. of Nigeria Plc (Transcorp), these field developments are important steps in Heirs Holdings’ integrated energy strategy, encompassing power generation, oil production and refining, petrochemicals and fertilizer production,” the statement said. |
Tony O. Elumelu, Chairman of Tenoil, commended MPN, saying, “This is an exemplary demonstration of genuine commitment by an international oil company to the development of indigenous capacity in Nigeria’s oil and gas sector. MPN is collaborating with Tenoil to provide technology expertise in the successful execution of this first drilling project.”
Nolan O’Neal, Chairman and Managing Director of MPN noted that, “The agreement demonstrates the Nigerian National Petroleum Corporation/Mobil Producing Nigeria JV’s continuing commitment to working with Nigerian companies to develop the country’s oil and gas resources.”
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