Nigerian independent Newcross is on the hunt for a strategic partner to help it develop and explore production, development and exploration assets in the Niger Delta.
On offer are stakes in OML 24, operated by Newcross Exploration & Production, plus interests in OML 152 and OPL 276, which are operated by Newcross Petroleum.
Argentil Capital Partners is advising Newcross and is seeking a partner for what it describes as “a balanced portfolio of material oil production with major development upside, a significant gas and oil development and high impact appraisal and exploration assets.”
