PROSPECT PRESENTATION

Multisub Energy Limited is the operator of Olure Field and is seeking investors and industry partners for the rapid development and the monetization of the Oil and Gas reserves in the Field. The Field was awarded during the 2020 bid round in Nigeria. The field is located in a swamp location and is bounded by two producing fields (Dibi and Gbetiokun). The field was discovered by Olure – 1 in 1966 and two appraisal well Olure – 2 and Olure – 3 were drilled in 1974 and 1980 respectively. Olure – 1 and Olure – 2 has been successfully re-entered and extended well test is currently ongoing for the two wells. We are seeking financial partners for the drilling of new wells and installation of gas processing facilities. The investment represents a high-quality asset with good return on investment and very low technical risk.

Wednesday 09 October 17:15 - 17:30 Upstream Stage

Prospects Forum

Add to calendar 10/09/2024 17:15 10/09/2024 17:30 PROSPECT PRESENTATION Multisub Energy Limited is the operator of Olure Field and is seeking investors and industry partners for the rapid development and the monetization of the Oil and Gas reserves in the Field. The Field was awarded during the 2020 bid round in Nigeria. The field is located in a swamp location and is bounded by two producing fields (Dibi and Gbetiokun). The field was discovered by Olure – 1 in 1966 and two appraisal well Olure – 2 and Olure – 3 were drilled in 1974 and 1980 respectively. Olure – 1 and Olure – 2 has been successfully re-entered and extended well test is currently ongoing for the two wells. We are seeking financial partners for the drilling of new wells and installation of gas processing facilities. The investment represents a high-quality asset with good return on investment and very low technical risk.
Upstream Stage Africa/Johannesburg