Game-Changing16 Dec 2020 15:50
The Cole Creek asset, meanwhile, is forecast to have a 3,500 bpd plateau by 2026. Atomic also had other assets in Nigeria under the Essar Nigeria brand, which now belong to COPL.
Arthur Millholland, COPL’s chief executive, said: “This is a game-changing acquisition which will materially reposition COPL as a production company with assets that have a long-term lifecycle and rapid production opportunity.”
Adding:
“Oil production assets of this quality, having an incline curve rather than a decline curve, are rarely available for purchase,”