OPL 281

OPL 281
Type	Company
Industry	Oil & gas
Headquarters	Nigeria
Key people	Emmanuel Nnorom, Chairman
Products	Petroleum
Website	http://www.teragro-ng.com

OPL 281 is an asset of Transnational Corporation of Nigeria (Transcorp) Plc headquartered in Lagos, Nigeria. OPL 281 is one of the most prolific remaining oil and gas exploration assets in the Niger Delta. The substantial reserves form part of Transcorp’s integrated energy strategy, which combines power generation, downstream refining and petrochemicals.

History

In May 2014, Transcorp signed a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) and obtained full regulatory approvals to begin oil and gas prospecting in OPL 281. There was also a partnership agreement entered into with Sacoil Holdings of South Africa. This agreement entered into a cul-de-sac in early April 2015 as Sacoil announced they were pulling out of the partnership as a result of its ongoing portfolio rationalization. The pulling out of the South African Oil Giant did not in any way affect the funding of the oil block. Transcorp hopes that by 2017, OPL 281 will begin oil and gas production and has so far acquired and evaluated some 150 sq km of 3D seismic, with its first well planned for drilling by the end of 2015.

Operator

Transcorp Energy is the operator of the OPL 281.

Competitors

1. OPL 302

2. OPL 226

3. OPL 215

4. OPL 840

5. OPL 902

6. OPL 310

7. OPL 311

8. OPL 238

9. OPL 108

10. OPL 227

11. OPL 96

12. OPL 112

13. OPL 117

14. OPL 109

15. OPL 103

16. OPL 458

17. OPL 136

18. OPL 115

19. OPL 110

20. OPL 120

21. OPL 121

22. OPL 122

23. OPL 205

24. OPL 206

25. OPL 305

26. OPL 306

27. OPL 216

28. OPL 114

29. OPL 239

30. OPL 234

31. OPL 231

32. OPL 113

33. OPL 248

34. OPL 249

35. OPL 140

36. OPL 59

37. OPL 320

38. OPL 245

39. OPL 915

40. OPL 916

41. OPL 284

42. OPL 228

43. OPL 332

44. OPL 274

45. OPL 4

46. OPL 38

47. OPL 41

48. OPL 40

49. OPL 26

50. OPL 42

51. OPL 34

52. OPL 281

53. OPL 242

54. OPL 291

55. OPL 130

56. OPL 278

57. OPL 236

58. OPL 325

59. OPL 241

60. OPL 98

61. OPL 275

62. OPL 289

63. OPL 907

64. OPL 917

65. OPL 276

66. OPL 283

67. OPL 905

68. OPL 135

69. OPL 733

70. OPL 809

71. OPL 810

72. OPL 722

73. OPL 2008

References

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