Sky Petroleum Snaps Up 2 Suntera Blocks Onshore Nigeria

Nigeria, West Africa
(Click to Enlarge)

Sky Petroleum has entered into a non-binding letter of intent to invest in and acquire Suntera's interests in two onshore oil & gas blocks in Nigeria. Suntera is expected to become a key shareholder in Sky Petroleum. Suntera is the technical operator of blocks OPL 205 and OPL 905, located north of the Niger Delta region in the Federal Republic of Nigeria.

OPL 205

Suntera has a 35% interest in OPL 205 located in the Anambra basin north of the Niger delta region near Benin City. The block measures approximately 1300 square kilometers and contains one discovered field with significant condensate and gas potential. Other partners in this venture are Summit Oil International, Oil India Limited and Indian Oil Corporation Limited.

OPL 905

Suntera has a 40% interest with an option to acquire an additional 20% in OPL 905 located in the Anambra Basin north of the Niger delta region, near the city of Enugu. The block measures approximately 2,600 square kilometers and contains two discovered gas fields, the Amansiodo and Ehandiagu fields, which is believed to have significant gas reserve potential. Other partners in this venture include three local Nigerian companies, 35 Oil and Gas, GTPL and IOG.


Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours