Aiteo Group is negotiating an alternative financing package that would enable it fund about $5 billion investment to be able to increase its oil production to about 250 000 barrels per day (bpd).This will also grow gas output to about 3 million standard cubic feet per day (mmscfd) of gas.The Managing Director, Eastern Exploration and […]

Oriental Energy Limited (OERL), has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field. According to a statement, Oriental Energy commenced the appraisal drilling campaign in the North Fault Block of the field in Q1 2019 with the objective of testing the hydrocarbon potential of […]

Eni, through its affiliate NAOC (Eni 20%, operator, NNPC 60%, Oando 20%) has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta. The Obiafu-41 Deep well has reached a total depth of 4.374 m encountering an important gas and condensate accumulation within the deltaic […]