Petrolog Energy is a leading independent energy company with a diverse portfolio of high-quality assets, a track record of success and a sound strategy for the future. Petrolog Energy was formed as a unit of Petrolog Group to capitalize on low-risk, high-reward proven and underdeveloped oil and gas fields in Africa and whose mandate is to become one of the leading oil and gas exploration companies in Sub Saharan Africa. Learn more...
Petrolog Group is one of the leading oil and gas service providers in the west african region. Numerous joint ventures and client engagements have generated in excess of $2.2 Billion USD in revenues to the company and JV partners. Petrolog Energy has spun off from this work and is now a fully dedicated oil and gas exploration entity.
- Farm-in opportunity to acquire existing production via Unitization of Agbara field on OPL 2012
- Drill ready prospect on OPL 917 expected to spud in Q1 2013
- Company has ZERO debt
- Project(s) are close to major cities and existing production infrastructure
In the Press
FBN Capital Investor Conference 2012 Interview with George Ebuh
About OPL 917 and Igbarium Discovery
OPL 917 contains the Igbariam gas and oil discovery, with estimated in place gas volumes up to 300 bcf and oil in place up to 80 mmbbls. Two wells were previously drilled on the license by Shell/BP. Igbariam-1 (1971) encountered gas and condensate with a reported 196ft net gas column and a 30ft condensate/oil column in Cretaceous sandstones
A number of prospects and leads have been identified south of the discovery well. More info...