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Platform Petroleum To Showcase Nigeria’s Marginal Field Opportunities

Nigeria’s Platform Petroleum will participate as a Bronze Sponsor of the Invest in African Energy (IAE) 2024 forum in Paris, as the indigenous operator seeks new capital and technologies to further develop Nigeria’s marginal assets. 

Platform Petroleum operates the Egbaoma field on OML 38 in the Niger Delta Basin, one of 24 marginal fields previously farmed out to indigenous oil companies. Since first oil production, the company has carried out over nine workover operations, drilled three wells and executed two side tracks – a testament to robust efforts to optimize the field’s production in joint venture partnership with Newcross Petroleum.

To handle expected production increases from future drilling activities, Platform Petroleum is upgrading its flow station capacity from 3,000 to 10,000 barrels of oil per day and from 30 million to 60 million standard cubic feet of gas per day. 

IAE 2024 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. 

SOURCE: Independent