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Nigeria Oil Blocks

High Reserve Oil Project For Sale

Location: Nigeria
Commodities: Oil
Available Terms: Joint Venture, Negotiable
Price: $180 Million
NOT AVAILABLE

Summary

  • Oil Blocks with Excellent Reserves for JV-Co-operations in Nigeria
  • Oil well with 2.2 billion barrels oil reserved
  • Owner selling 40% of this well for US $180 million
  • Oil Block has 11 wells buyer will have 5 out of 11
  • Each well will cost $50 million to develop Means $50 million x 5 = $250 million Total amount to invest $ 250 million
  • Two years projected income $1.7 billion @ 40 dollars per barrel
No Longer Available

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