Who owns seplat oil company?

ABC Orjiako is the Chairman and co-founder of SEPLAT, a leading Nigerian independent oil and gas company listed on the London and Nigerian stock exchanges with a strategic focus in the Niger Delta of Nigeria.

What is JV cash call?

By definition, cash calls are requests sent by JV operators to non-operating partners for payment in the light of anticipated future capital, operating expenditures or need of additional capital contributions.

Where is OML 41 located?

northwestern Niger Delta
OML 41 is a block in the northwestern Niger Delta and was originally part of the Shell joint venture (JV). It contains one commercial field, Sapele which has produced since 1971 and was among the first in Nigeria to produce sales gas in 1977.

Who is the managing director of Seplat?

Afolabi Folorunso, who was General Manager West, is now Managing Director Seplat West Ltd, with a portfolio that includes OMLs 4, 38 and 41, the acreages upon which the company was created in 2010.

What are cash calls?

Cash calls are requests sent by joint venture operators to non-operating partners for payment in the light of anticipated future capital, operating expenditures or need of additional capital contributions.

What is cash call in oil and gas industry?

From time to time, the operator call upon other JV Partners to provide funding for the operations based primarily on each partner’s equity and on approved budgets. Such calls for funding are referred to as ‘Cash Call’.

Who owns OML 55?

Belemaoil
OML 55 is a large block in the south-eastern Niger Delta. It extends 65 kilometres from east to west and most of the infrastructure lies in shallow water or tidal swamp. Belemaoil acquired the block in February 2015, but previously it was part of the NNPC/Chevron JV.

Where is OML 55 located?

Eastern Niger Delta
It is located in the shallow offshore (25m of water) area of OML-55, approximately 13km southwest of SHELL’s Bonny Terminal in the Eastern Niger Delta. The field is contiguous to Tubu field….Nigeria.