O'Providencehelp Worldwide Foundation is a leader in the of Nigerian Bonny Light Crude Oil (BLCO) sales market. As a privately held company, O'Providencehelp Worldwide Foundation Ltd is committed to and is focused on delivering reliable services to all her clients. 
O'Providencehelp Worldwide Foundation Ltd has an excellent track record of reliability in the supply of Bonny light crude oil, BLCO. We protect our buyers with 2% Performance Bond while we also expect protection from our customers with bank instrument from the world's top banks. We deliver on TTO, TTT, CIF and FOB basis.
EnerGulf Resources reports a Strategic Exploration Agreement between Gazania 148 Investments and EnerGulf Namibia Ltd , for Offshore Block 1711, Republic of Namibia (“Block 1711”). The Agreement includes a negotiated Joint Operating Agreement (“JOA”) for Block 1711 which has been submitted to the Ministry of Mines and Energy and NAMCOR (National Oil Company of Namibia) for review and approval. The Petroleum Agreement grants EnerGulf a 15% working interest, Gazania a 75% working interest, and NAMCOR a 10% carried working interest to production.
The Agreement strengthens the relationship with Gazania, optimizes the exploration potential of Block 1711, and ensures cost containment for EnerGulf. The Agreement provides:
Carried interest to EnerGulf until Gazania completes its work program obligations under the Agreement (includes all 3D offshore seismic, processing, interpretation, and other operating and exploration expenses) and a drill site is approved by the Technical Advisory Committee comprised of the parties and government (“TAC”).
No direct costs to EnerGulf until the first day of the month after approval of a drill site by the TAC (18-24 months).
Defined course of exploration operations to meet all industry standards in the development of two independent geological and geophysical constructs for Block 1711.
Meaningful input for EnerGulf in the development of the work program and selection of an optimal drill site.
Joint marketing for the mutual benefit of all parties.
Block 1711 is an 8,891 sq km offshore petroleum concession on the northern border of Namibia. Netherland, Sewell & Associates estimates mean gross prospective oil resources for Block 1711 of 3.17 Bbbl of oil.
Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.
No comments :
Post a Comment