Ashbert holds a 70% working interest in OPL 325 and 15% in OPL 251, and wants one or more farm-in candidates to "drive negotiations" on detailed terms of production sharing contracts.
The player's partners in OPL 325 and OPL 251 are the Nigerian Petroleum Development Company (20% and 55% respectively) and local-content vehicle Trian-Cosy, which holds 10% in each block.
During a recent Nigerian licensing round, each block attracted a signature bonus of more than $50 million along with a four-well commitment on OPL 325 and a five-well commitment on OPL 251.
Ashbert
