Not having operatorship poses significant risks for would be investors in the fields, not least that NPDC is short on finance and expertise. firm currently operates production of the blocks, it has the right to hand over the handling of drilling to its subsidiary NPDC. Nigeria’s NNPC, which owns the remaining 60 percent of the blocks Chevron is selling, has warned prospective buyers that although the U.S. Its 2012 net daily production in Nigeria averaged 238,000 barrels of crude oil and 165 million cubic feet of natural gas. Indigenous Nigerian companies who already manage marginal fields in the delta, including Brittania-U, Vertex, Sogenal and Seven Energy have shown interest in the blocks, they said.Ĭhevron owns a 40 percent stake in 13 onshore blocks with Nigeria’s state oil firm NNPC and also has deep offshore assets. SEPLAT did not respond to request for comment. SEPLAT, which is partly owned by French oil explorer Maurel & Prom MAUP.PA and Swiss-based commodity trader Mercuria, is expected to submit a bid, the sources said. Danjuma, a former minister of defense and chief of army staff. Many Nigerian firms are backed by powerful political or business figures. Worries over oil theft, fraught relations with communities living around oil fields and uncertainty over a stalled bill to overhaul fiscal terms has also encouraged majors to sell down. That has raised concerns among foreign oil majors they may lose smaller assets if they do not sell now, industry experts say. Most of our oil reserves are in offshore fields, which has led our drilling activities to reach ever-greater depths.Since 2010 Nigeria has had a policy of encouraging more direct ownership of its oil and gas by Nigerians, either through the state oil company or local private firms. Like most major oil and gas companies, we operate in partnerships using E&P consortia in the exploration of blocks and the production of oil fields in Brazil, mainly in ultra-deepwaters. Our activities are focused on deepwater and ultra-deepwater oil reservoirs in Brazil, which accounted for 95% of our total production in 2021. Today, production in deep pre-salt waters is already a consolidated reality. With technology and the persistence of our employees, we overcome challenges that once seemed impossible, such as the deep waters of the Campos Basin, in the 1970s. Our oil and natural gas exploration and production activities are the major components of our portfolio and include offshore and onshore exploration, appraisal, development, production and incorporation of oil and natural gas reserves. We seek to increase our reserves and develop production to make sure we can meet the increased demand for energy. Oil and natural gas exploration and production are our core activities. Privacy and Protection of Personal DataĮxploration and Production of Oil and Gas.Composition of Sales Prices to the Consumer.

Nigeria oil blocks map