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Stubb Creek oil & gas field

Sector: Oil and Gas • Location: Akwa Ibom, Nigeria

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of a 49% non-operated interest in the Stubb Creek oil & gas field located in Akwa Ibom State, Nigeria. The field is producing oil and has significant undeveloped gas resources. It includes onsite production facilities and a 25 km pipeline to the Qua Iboe terminal. Estimated value of the asset is US$194 million. The acquisition increases reserves and resources and includes plans for an

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The project “Stubb Creek oil & gas field” is an infrastructure initiative in the Oil and Gas sector, located in Akwa Ibom, Nigeria. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of a 49% non-operated interest in the Stubb Creek oil & gas field located in Akwa Ibom State, Nigeria. The field is producing oil and has significant undeveloped gas resources. It includes onsite production facilities and a 25 km pipeline to the Qua Iboe terminal. Estimated value of the asset is US$194 million. The acquisition increases reserves and resources and includes plans for an expansion program to increase production.

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