Features Overview

Exploration

Oil and gas exploration is a method we use with our petroleum geologists and geophysicists for searching for hydrocarbon deposits (oil and gas)within our block. It consists of locating oil and gas reserves using primary technologies particularly seismic surveys and drilling wells. Exploration is a costly , risky operation because the expenditure associated are usually valued at millions of dollars and every two out of three wells, on average, contain no traces of hydrocarbons. It therefore require companies to drill many wells in one area before they are able to find an oil or gas discovery, and this may take decades or more years.. Some explorers sometimes find nothing at all after the exploration exercise. .

During exploration drilling, vital information and samples are collected about the rocks and fluids (water, gas and oil) encountered by the well in order to find out:

* If there exists any hydrocarbons at that location

* How much oil or gas may be available at the present explored area.

* What depth the oil or gas exists at Exploration activities can also be risky because of:

* The geographical location – remote or difficult terrain, or a sensitive ecosystem

* Safety – people can have accidents while acquiring seismic surveys or drilling wells, even though safety is always a top priority.

Appraisal

After we are is successful with their exploration drilling and make an oil or gas discovery, then the appraisal phase of the lifecycle is next. The main purpose of this phase is to reduce the uncertainty or possibility of losses about the size of the oil or gas field and its properties. During appraisal, more wells are drilled in addition to the exploration wells to collect more information and samples from the reservoir. Another seismic survey is repeated to get a better image of the reservoir.

Development

We intend to Develop and Operate our Block..

* Formation of a plan to develop the oil or gas field, with the inclusion of how many wells needed to be drilled to produce the oil or gas (geologists, geophysicists and reservoir engineers)

* To make a decision on the best design for the production wells (drilling engineers)

* To decide what production facilities are required to process the oil/gas before it is sent to a refinery or customer (facilities engineers)

* To decide what the best export route might be for the oil and gas (logistics engineers).

Production

One all of the above are done , we intend to produce the hydrocarbons found in our block. We intend to do this efficiently, with high extraction percentages. We intend to have a no flare policy and we intend to produce both Oil and gas to maximise our returns.