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Sahara Group States Position on Offshore Processing Agreement (OPA) and Unfolding Events in the Oil & Gas Sector

Our attention has been drawn to the article in This Day Newspaper published in Nigeria on the 7th of June 2015with the headline: "Oil Traders, NNPC officials Interrogated, Watch Listed in Major Investigation."

SacOil remains focused and positive on Nigeria

SacOil Holdings Limited, the African independent upstream oil and gas company, announced the termination of its joint venture with Nigdel United Oil Company (Nigdel) of Nigeria, and consequently its participation in Oil Prospecting Licence (OPL) 233 on Thursday, 20 May. The 126 square kilometre, offshore oil block is located in the core shallow marine area of the Niger Delta region.

Seven Energy Begins Supply of Gas to Calabar NIPP - Nigeria

Seven Energy International Limited (“Seven Energy”), the indigenous Nigerian integrated gas Company has commenced the supply of gas to the 560 MW Calabar National Integrated Power Project (“NIPP”). The commercial delivery of gas to Calabar NIPP commenced in March 2015, and is being executed through Accugas, a wholly-owned subsidiary of Seven Energy. When operating at full capacity Calabar NIPP will increase national power generation by over 10%.

Sahara Group Upstream Optimistic over Prospects from OPL 274

Sahara Group's Upstream affiliate Enageed Resource Ltd said it is making good progress with activities in OPL 274 where Sahara operates with a 100% working interest, even as the company continues to press towards optimizing opportunities in the block where last year it hit "first oil". Enageed doubled its certified 2P reserves in Oki-Oziengbe South field in Edo State, while also making a new commercial discovery with the Oluegi-1 exploration well.


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