Tenoil Petroleum and Energy Services, a subsidiary of Heirs Holdings, has declared that it has reached an agreement with Mobil Producing Nigeria Unlimited, an ExxonMobil subsidiary, for the drilling of an appraisal well on the Ata Field.
The Ata Field which was discovered in 1964 by MPN, the operator of its joint venture with the Nigerian National Petroleum Corporation, and is situated in block OML68, which borders Tenoil’s block OPL 2008. Both blocks are located offshore of the eastern Niger Delta in a shallow water.
The initiation of drilling at Ata Field represents a additional milestone in Tenoil’s emergence as one of Nigeria’s leading indigenous field operators. Together with the development of OPL 281, which Tenoil operates on behalf of the Transnational Corporation of Nigeria Plc, these field developments are important steps in Heirs Holdings’ integrated energy strategy, encompassing power generation, oil production and refining, petrochemicals and fertilizer production.
According to the Chairman, Tenoil, Mr. Tony Elumelu, commended MPN, saying, that it is an ideal demonstration of indisputable commitment by an international oil company to the growth of indigenous capacity in Nigeria’s oil and gas sector. MPN is collaborating with Tenoil to supply technology expertise in the successful execution of this first drilling project.
The Chairman and Managing Director, MPN, Mr. Nolan O’Neal, said, “The agreement demonstrates the Nigerian National Petroleum Corporation/Mobil Producing Nigeria JV’s continuing commitment to working with Nigerian companies to develop the country’s oil and gas resources.”