BILABRI OIL & GAS FIELD RESERVOIR (OML 122), West Africa C $ 400MIO

OML 122 is located within the Gulf of Guinea, 25-60Km offshore West Africa and covers an area of 1,295 Square km and is east of Shells’ giant Bonga Field and south of Shells EA Fields OML 79.
Significant crude oil production is expected from the Bilabri C2 reservoir. The project is a two-well development of the C2 reservoir, with proven oil reserves.

 

• Re-enter, drill and re-complete two produxtion wells (Bilabri DX1 and BD4).
• BD2 will be used for gas re-injection hook up to the wells to an oil Floating Production, Storage and Offloading (FSPO) facility.
• Option of blue H2 production with carbon capture to make the project green and minimise carbon emissions.

Planned production rate from the two wells for 12,500 bpd.

Production and sales within 60 days of funding based on solid offtaker, escrow structure available for safe disbursement and routing of oil sales.
Solid investment return in the region of 30% pa unlevered.
Project in joint venture with PPMI (West Africa) as minority partner and prospective co project manager.