Five companies, including Prime Oil & Gas Cooperatief UA, have reportedly secured a deal to purchase a combined 45 per cent stake in Nigeria's Agbami field. According to sources familiar with the matter, the companies will collectively produce around 250,000 barrels of oil per day. Prime Oil & Gas already holds a 12.5 per cent stake in the field, and the acquisition of an additional 32.5 per cent will significantly increase the company's footprint in one of Nigeria's most lucrative oil fields.
1. Five companies, including Prime Oil & Gas Cooperatief UA, have secured a deal to purchase a combined 45% stake in Nigeria's Agbami field.
2. The companies will collectively produce around 250,000 barrels of oil per day from the Agbami field.
3. Prime Oil & Gas already holds a 12.5% stake in the field and will acquire an additional 32.5%, significantly increasing their presence in one of Nigeria's most lucrative oil fields.
4. The collaboration between Prime Oil & Gas and the other companies highlights their commitment to tapping into the vast potential of the Agbami field's oil reserves.
5. These companies aim to capitalize on the rising global demand for oil and contribute to the economic growth of the region.
The five companies will collectively produce around 250,000 barrels of oil per day.
Prime Oil & Gas Cooperatief UA, along with four other companies, including XYZ Corporation and ABC Energy Ltd, are set to increase their presence in the Agbami field. With Prime Oil & Gas already holding a notable 12.5 per cent share, this collaboration highlights their commitment to further tapping into the vast potential of the field's oil reserves. As the demand for oil continues to rise globally, these companies aim to capitalize on the current market conditions and contribute to the economic growth of the region.