Acquire equity in fields with verifiable proven reserves and data by outright purchase or acquisition of interests alongside operators and fields owners. Provide financing and technical expertise to actualize successful production of targeted fields with an emphasis on early oil projects.
Who We Are
Eastlake Exploration and Production Limited is a fully owned Nigerian Company; incorporated under the laws Nigeria to pioneer state of the art exploration and production solutions; primarily for the development of Marginal Fields and blocks in Nigeria, West Africa and the rest of the world.
Our focus is to seek potentially profitable Oil & Gas assets and engage in the acquisition, development, and production of these assets with a minimum risk exposure for her investors and communities where we operate. Our business model is simple but guarantees success for our activities
Our Solutions
and Competences
Health and Safety
We conduct our business with high regard for the health and safety of our employees, contractors and neighboring communities.
Environmental Stewardship
We are committed to minimizing environmental impacts by reducing wastes, emissions and other releases.
Honesty and Integrity
We uphold high standards of business ethics and integrity; enforce strict principles of corporate governance and support transparency in all of our operations
Legal Reviews
Our Legal Team executes due diligence, ensures compliance with all statutory and regulatory demands, and project risk assessment, through our industry partners.
Reservoir Management
Eastlake reservoir management team are skillful with downhole conditions monitoring and interpretation of acquired data for reservoir optimization, integration with the subsurface models
Field Development Plan
We have capacities encompasses the spectrum from the FDP Decision to regulatory approval. we also have the competencies to Prepare Geological Model and Estimate Resources
Eastlake Exploration & Production
Eastlake Assets
Eastlake E & P has 2 assets in the oil-rich Niger Delta in its portfolio.
OML 96 - Ovia Field
OML 96 is a 221 square kilometer area that represents unrealized potential in Nigeria’s oil sector. This block, which includes at least seven other prospective and contingent fields in addition to the three discovered / operating fields (Gili Gili, Gili Gili North, and Ovia), has great potential for long-term, sustainable development. Even with all of its prospects, its resources have not yet been fully utilized.
OML 96 is located within the Western Delta Depo belt of the Niger Delta Onshore terrain, which is dominated by simple / faulted rollover structures, proven to be very successful with
numerous known producing fields.
It is a conventional stacked sands reservoir (21 identified oil and gas levels) with proven reserves and delineated exploration upside.
Eastlake E&P holds the Financial Technical Services Agreement (FTSA) for Ovia Field development which has now been confirmed as an highly prospective field with additional sands, plays and robust reservoirs. This confirmation and position is based on:
✓ High Quality 3D Seismic data acquired in 2010 and 2011
✓ Various studies, tests and reappraisals carried out by proficient and industry leading companies such as Degeconek, Schlumberger, Laser Engineering and a host of others,
✓ Competent Person’s Report (CPR) delivered by RPS, a world leading practice with experienced Petroleum Engineer, in 2015.
OML 141
Located strategically between the states of Rivers and Bayelsa, OML 141 is situated in the southern section of Nigeria’s Niger Delta region. OML 141 has become an important participant in Nigeria’s energy scene, having a long history of providing up to 40% of the country’s daily production of gas and crude oil.
OML 141 is currently owned by three joint owners: Emerald Energy Resources Limited (EERL), which holds a 53.9% ownership stake; Amni Oil & Gas Limited (AMNI), which holds a 44.1% ownership stake; and Bluewater Oil & Gas Investments Limited (BOGI), which holds a 2% ownership stake. EERL is designated as the operator.
Eastlake’s rights have been established and are fully activated through a fully executed Heads of Agreement (HOA) and has perfected plans on its “Fast Track, Low-Cost Development and Value
Integrated concept” to develop OML 141 NW, wherein development activities will be delivered in Project Groups (PGs).
Although OML 141 NW contains at least five (5) hydrocarbon fields, the current focus is on the most prospective and high potential Barracuda Field. The Barracuda Field is to be maximally developed and exploited for Crude Oil through Project Group 1 (PG1), which ultimately seeks to produce up to 100 Million Barrels of Oil and 50 Billion Cubic Feet of Gas. The Commencement of Development Activities on OML 141 NW provides further upsides and opportunities within the entire OML 141 Asset
Eastlake Group focuses on Oil and Gas Exploration, Oil & Gas Services, Investments, Infrastructure Development, Power Generation, Telecommunications and Clean Energy in Nigeria and Africa.
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