MX Oil agrees sale of investment in Aje field (Scandinavian Oil-Gas Magazine)

MX Oil agrees sale of investment in Aje field

Published Feb 29, 2016

MX Oil plc has now agreed terms for the sale of its investment in the Aje Field offshore Nigeria to GEC Petroleum Development Company Limited ('GPDC').

GPDC operates two licences offshore (OPLs 2009 and 2010) and two licences onshore (OPLs 907 and 917), along with OML 149 in joint venture partnership with Eni/Nigerian AGIP and Seven Energy.

GPDC holds significant interests in these assets and has 2P Reserves (net) of 16mmboe and 2C Resources (net) of 139mmboe.

Tags: MX Oil plc

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