Email Facebook Twitter

Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold

ShareCast News

Sirius Petroleum enters crude handling agreement at Ugo-Ocha

Mon, 11th Feb 2019 15:58

(Sharecast News) - Nigeria-focussed oil and gas development and production company Sirius Petroleum has entered into a crude handling agreement (CHA) in line with its commercial offshore strategy, with the terminal operator of the Ugo-Ocha floating storage and offloading unit (FSO), with offtake from production wells delivered via coastal tankers to the FSO, it announced on Monday.

The AIM-traded firm said the Ugo-Ocha oil terminal was located offshore within the waters of the exclusive economic zone of Nigeria, and could store up two million barrels of crude.

It said the agreement would provide for crude handling, receipt, storage and delivery, quality assurance, health, safety and environment and regulatory compliances.

"We are pleased to have secured this agreement to export our crude production through a secure offshore terminal which is in line with our commercial offshore strategy and provides the most flexible offtake option for our offtake partner," said Sirius chief executive officer Bobo Kuti.

Related Shares:

Back to ShareCast News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.