Total's Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd. signed a production-sharing contract with the Nigerian National Petroleum Corp. for oil prospecting license (OPL) 223 offshore southeast Nigeria.
Offshore staff
Total's Nigerian operating subsidiary, Elf Petroleum Nigeria Ltd. signed a production-sharing contract with the Nigerian National Petroleum Corp. for oil prospecting license (OPL) 223 offshore southeast Nigeria.
OPL 223 lies in water depths between 200 and 1,000 m. The license lies just east of OPL 222, where operator EPNL has made significant commercial discoveries in the Ukot and Usan fields. Both fields are under consideration for development.
NNPC is the concession holder on OPL 223. EPNL operates the permit with 90% interest. NNPC subsidiary Nigerian Petroleum Development Co. has a 10% participating interest.
A seismic survey will kick-off exploration activities soon.
