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OPL 281 (formerly OML 44)

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Owner: Transcorp

Shore Type: onshore

Block Rights: OPL

OPL 281 (formerly OML44 when operated by Shell) is located onshore swamp in the Niger Delta with a license area of 138sqm. The block is south of OML 42, which includes giant fields such as Odidi, Egwa and Jones creek and is in close proximity to Forcados export terminal (about 25 km) and the Tran-Forcados pipeline infrastructure.

Working Interests

*Transcorp | 60.000%

SacOil | 20.000%

Energy Equity Resources (EER) | 20.000%

Oil Fields

Field Name

-

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Updates

Transcorp, NNPC Sign Production Sharing Contract for OPL 281

1st May, 2014

hexgear

Transnational Corporation of Nigeria (Transcorp) and the Nigerian National Petroleum Corporation (NNPC) signed a production sharing contract (PSC) last Friday for the exploration and production of Oil Prospecting Lease (OPL) 281.

Under the terms of the PSC, Transcorp has committed itself to a work programme to prove and develop an estimated 104 million barrels of oil reserves, an additional 335 million barrels of probable reserves, and approximately four trillion cubic feet (tcf) of natural gas reserves.

Source: http://www.thisdaylive.com/articles/transcorp-nnpc...

Transcorp Granted OPL 281

1st March, 2011

hexgear

Out of the US$30 million signature bonus, Transcorp had paid all but US$8.75 million. The outstanding signature was however paid by SacOil, on behalf of the Joint Venture with Transcorp.

Source: http://www.energy-pedia.com/news/nigeria/sacoil-fa...

Transcorp Awarded OPL 281

1st December, 2006

hexgear

In 2006 Transcorp won the OPL 281 oil field in a Mini Bid Round organised by the Ministry of Petroleum Resources, paying a reported $35 million to the Nigerian government.

Transcorp has Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola and Nicholas Okoye as directors.

Source: http://www.energy-pedia.com/news/nigeria/sacoil-fa...

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