Location & field data

The block covers an area of 1,530 sq. km. and is located in the petroliferous Nigerian Continental Shelf (OPL 226) in water depths of up to 200 metres. The block is regarded to be highly prospective, with the existing Noa gas discovery.

Ownership

Essar Exploration & Production Limited, Nigeria, was awarded 100% ownership of the offshore block (OPL 226) in the 2007 bidding round with a signature bonus payment of USD 37 million. The PSC was signed on May 25, 2007.

Current status

Essar has set up a Nigeria registered affiliate company and is awaiting clearances to commence petroleum operation in this block, including G&G studies, 3D seismic and drilling of wells.