The huge appetite for investment in Nigeria’s upstream assets has received yet a boost. Houston-based consulting company Energy and Corporate Africa has unveiled the report “An Investor’s Guide to Marginal Oil Field Acquisition in Nigeria” Potential investors and stakeholders can take advantage of the first comprehensive report and investment guide on the opportunities in Nigeria’s marginal and small oil fields.
The report was unveiled in London on August 19th at the Maiden African Small and Marginal Oil field Development Conference, which held at Crowne Plaza, the City, London. At the event, which was well attended by African Oil and Gas stakeholders and the top leadership of Nigeria’s Department of Petroleum Resource (DPR), participants chatted the way forward for Africa’s small and marginal oil fields; even as price compression continues.
The CEO of Energy and Corporate Africa, Chief Sunny Oputa noted that “the report is the foremost attempt to capture all dimensions of a marginal field investor’s concern” He explained that “while marginal fields are attractive and lucrative, the challenges can be daunting to an uninformed investor, thus the need for the report”
This insightful investment advisory comes in the wake of the extensive reforms going on in Nigeria’s Oil and Gas industry. Observers believe that block licensing rounds and farm out may soon follow these reforms, as Nigeria’s government makes frantic efforts towards raising dwindling revenues.
According to the author, Chijioke Mama “This +80 page report on Nigeria’s marginal oil fields is the first consolidated report of such depth, since the activities that started in these fields 14 years ago” He further explained that “It takes a deep look at the opportunities in Africa’s top producing basin; the Niger Delta, where over 183 fields holds estimated 2.3 billion (2P) reserves in an area with a familiar geology, favorable geography, abundant human capital and favorable fiscal incentives by the Government” Investment-focused consideration of financial challenges and solutions, operating risks and leverages, regulatory gaps, recent reforms in Nigeria and how current operators are moving on are all included.
Answering questions at the event the DPR’s Deputy Director for Upstream, Mr. Emmanuel Bekee, noted that the DPR has been ready for farm out activities since over a year and are only waiting for the government to beckon on them.
Investors might be getting ready too! The full copy and the preview copy of this report is available at http://www.afroginvestmentsconference.com/#!an-investors-guide-to-marginal-oil-fiel/c3qg
You can also download a free preview copy here