Joint Venture: Oil Mining Lease, Eket, Akwa Ibom | Nigeria Property Centre (Ref: 3209134)

Oil Mining Lease

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  • Oil Mining Lease, Eket, Akwa Ibom, Factory Joint Venture
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Property Description

*OML 151 Available For Joint Venture*

OML 151:
$ 226.86m ---- cost of production to first oil.

$ 80m --- cost of acquiring 40% participating interest.

Total Cost of Investment--- $ 306.86M

*Facilitator's Fees* 10% -- $ 30.686M ( to be paid by investor).

*GRAND TOTAL*--- $337.546M

License Valid Until 2036 (20-Year Renewal Cycle)

*Key Asset Information -- OML 151*

1. Location : Offshore -- positioned strategically between Bayelsa and Akwa Ibom States, under PSC (Production Sharing Contract) in shallow or swamp waters.

2. Price : USD $337.546 (Three Hundred And Thirty Seven Thousand, Five Hundred And Forty Six Dollars Only).

3. Geological Report : Comprehensive and up-to-date, available for review by qualified buyers.

4. State of Location : Bayelsa/Akwa Ibom axis -- rich in hydrocarbon potential.

5. Reserve Volumes :

Gross 2P Oil Reserves: 47.1 MMbl

Gross 2P Gas Reserves: 209 Bcf

Gross Prospective Reserves (P50): 2,791.7 MMboe

6. License Validity : Current license expires in 2036 and is renewable every 20 years.

7. Infrastructure :
Fully installed FPSOs, production platforms, processing facilities, and pipelines in place.

8. Government Participation : PSC arrangement currently held by the Operator.

9. Regulatory Compliance:
All statutory levies are fully paid and up to date. Any minimal outstanding shall be settled by the seller upon final negotiation.

10. Further Data Access:
Additional technical and commercial data will only be made available to credible buyers who submit:

A Letter of Intent (LOI)

A Verifiable Proof of Funds (VPOF) with authority to verify

Company Profile or CIS of the Chairman/MD

Upon satisfactory preliminary due diligence, a face-to-face meeting with the seller will be arranged. Once the seller is satisfied with the buyer's credibility, transaction documents will be executed, payment concluded, and ownership documentation handed over immediately.

> Please Note :
LOIs submitted without VPOF and supporting documents will not be entertained. We have encountered too many unserious offers and must prioritize only verified buyers.

This is a rare opportunity to acquire a fully equipped, high-potential offshore asset in Nigeria's oil-rich basin. Serious inquiries only.

Slvje


Property Details

Property Ref: 3209134Last Updated: 18 Nov 2025Market Status: Available
Type: Factory      

Interested in this property?

Call 0907 XXXX Show Phone
View Similar Property
Commercial Property joint venture in Eket, Akwa IbomFactories joint venture in Eket, Akwa Ibom
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The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Awodd Properties Ltd. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.

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Awodd Properties Ltd

 Madam Cellular Street Off Ajiran Road 21 Agungi , Lekki, Lekki, Lagos, Nigeria

  0907 XXXX Show Phone

  09077019583

  Registered 5 months ago

  View all properties from this agent


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