Commercial property for sale
Between Bayelsa And Akwa Ibom States, Brass, Bayelsa
For sale: 40% participating interest in oil mining lease (oml) 151 -- nigeria
license valid until 2036 (renewable every 20 years)
we are offering to a credible, ready, willing, and able investor the opportunity to acquire 40% participating interest in oml 151 and participate in the development of the asset to first oil.
asset overview: oml 151 oil block
location: offshore -- situated between bayelsa and akwa ibom states, in shallow waters (psc area).
deal structure & price:
acquisition cost (40% interest): usd 80,000,000
development cost to first oil: usd 226,860,000
total investment: usd 306,860,000
facilitator's fee: 10% of total investment (usd 30,686,000) payable by buyer.
grand total investment: usd 337,546,000.
geological report: available and up-to-date.
reserves:
gross 2p oil reserves: 47.1 mmbbl
gross 2p gas reserves: 147.2 bcf
gross prospective resources (p50): 2,791 mmboe
license validity: expires 2036, renewable for an additional 20 years.
infrastructure: access to nearby fpsos, production platforms, processing facilities, and pipelines.
levies & statutory fees: up to date. any outstanding obligations will be settled by the seller prior to closing.
additional data: technical and proprietary data available upon execution of nda/ca and submission of verifiable proof of funds.
status: oml 151 is in the pre-development phase, with an approved development plan targeting first oil within approximately two years after funding.
key investment highlights
opportunity to enter a producing-asset-ready block with near-term production potential.
estimated initial production at start-up: ~15,000 barrels of oil per day plus associated gas sales.
significant upside from additional condensate, lpg, and ngl production.
material gas reserves capable of sustaining sales contracts for 20+ years.
procedure for closing the deal
submission of loi including:
verifiable proof of funds (vpof) with authority to verify.
buyer's company profile or cis of the chairman/managing director (lois without vpof will not be entertained.)
upon verification, nda/ca will be signed and technical data shared.
a face-to-face meeting with the seller to finalise commercial terms.
execution of transaction agreements, payment, and transfer of the 40% interest.
consultancy & brokerage fee
buyer shall pay a 10% consultancy/brokerage fee (usd 30,686,000) --- split between intermediaries as agr...
More details
$337,546,000
approx. ₦518,258,129,275
Bb Davids Global Construction Limited
08069831720