A client is seeking funding for field development for four marginal fields arising from the successful 2020 marginal field bidding.

Gabriel Domale Consulting is the Commercial Advisor mandated to raise the funds and I am supporting this process as an Ex-Shell Manager with deep knowledge of the oil and gas industry from 26 years working with Shell Nigeria.

PLEASE SEE BELOW THE DETAILS:

The funding required is in the range of $110m to $260m.

Funding options: Debt capital and Structuring Finance will be preferred.

Summary Of Funding Required Per Field:

Field-R

• 100% Finance Required - $150m
• Client's Equity Share In The Field: 70%

Field-K

• 100% Finance Required - $38m
• Client's Equity Share In The Field: 45%

Field-O

• 100% Finance Required - $60M
• Client's Equity Share In The Field: 30%

Field-B

• 100% Finance Required - $70M
• Client's Equity Share In The Field: 30%

Field-E

• 100% Finance Required - $90M
• Client's Equity Share In The Field: 36%

Field-R: Field Development Summary

• The field is located in the coastal Swamp depo-belt of the Niger Delta.
• The file has three wells that are hydrocarbon-bearing, with a combination of non-associated gas and oil.
• Basecase Reserves: Oil Recovery is 9.61 MMBO, Gas Recovery is 123.41 BCF and Condensate Recovery is 2.79 MMBO.
• There are 7 development wells.
• There are 2 marginal field companies in the SPV.

Read more on the executive summary of Field-R https://www.www.gabrieldomale.com/links/Field-R-Executive-Summary.pdf

Field-K: Field Development Summary

• The field is located in the coastal swamp depo-belt of the south-eastern Niger Delta.
• 2C Contingent resource estimated at 246.37 BSCF of gas and unrisked STOIIP of 17.71 MMBO.
• The notional development plan involves the re-entry of the well and the drilling of one new deviated well.
• The evacuation strategy involves constructing flowlines from wellheads to a gas plant where it can be processed and easily exported.
• There are 3 marginal field companies in the SPV.

Read more on the executive summary of Field-K https://www.www.gabrieldomale.com/links/Field-K-Executive-Summary.pdf

Field-O: Field Development Summary

• The field is located in the coastal Swamp depo-belt of the Niger Delta.
• The file has two wells that are hydrocarbon-bearing, with a combination of non-associated gas and oil.
• Basecase Reserves: Oil is 2.75 MMBO, Gas is 207.06 BCF and Condensate is 3.23 MMBO.
• The notional development plan involves the wells being either re-entered or re-drilled.
• There are 5 marginal field companies in the SPV.

Read more on the executive summary of Field-O https://www.www.gabrieldomale.com/links/Field-O-Executive-Summary.pdf 

Field-B: Field Development Summary

• The field is located within shallow offshore in water depths of approximately 70 to 80 feet.
• The field has two wells.
• The 2P+2C resource is estimated as 42.05 MMBO of oil and 193.75 BSCF of Gas.
• The notional development plan includes the re-entry and recompletion of the wells and laying of a 2.5km flowline.
• There are 3 marginal field companies in the SPV.

Read more on the executive summary of Field-B http://www.gabrieldomale.com/links/Field-B-Executive-Summary.pdf

Field-E: Field Development Summary

• The field is located in the Niger Delta at a water depth of <15 m.
• The notional development plan includes drilling 3 deviated and 4 vertical wells; 5 producers and 2 water injectors as the field is currently underdeveloped.
• Most likely reserves: Oil is 32 MBO and Natural Gas Liquids extracted from AG & NAG is 26 MBL (Assumes 1mmscfd gas = 75 bbl Natural Gas Liquids)
• Economics assumes Natural Gas Liquids is monetized.
• There are 3 marginal field companies in the SPV.

Read more on the executive summary of Field-E https://www.www.gabrieldomale.com/links/Field-E-Executive-Summary.pdf

Contact Details

Interested financiers and investors can contact on +2347034604152 (WhatsApp) and/or via info@gabrieldomale.com

Dr Leesi Gborogbosi

CEO | Gabriel Domale Consulting | Nigeria

CEO, Gabriel Domale Consulting – Dr Leesi Gborogbosi

Dr Leesi Gborogbosi is the CEO of Gabriel Domale Consulting, a management consulting firm based in Nigeria, that helps companies in Africa to grow, provides insights to leaders and transforms institutions.

He has about three decades of leadership experience in the oil and gas industry (Shell Nigeria). He is an expert in finance, strategy, corporate governance, transformation, cost management, leadership development and due diligence.

Dr Leesi Gborogbosi was Project Finance Manager of Upstream Oil & Gas Projects (7 projects - Headline size: $8 bln) - Southern Swamp Associated Gas System, Forcados Yokri Integrated Project, Otumara, Adibawa, Agbada and Assa North/Ohaji South Projects.

He provided advisory services: strategic planning, budget management, funding strategy, risk management, governance, due diligence, and investment plan, covering the full life cycle of the seven major upstream oil/gas projects, power facilities, and export pipelines.

He collaboratively works with business leaders and their organizations to identify growth opportunities and create value through operational excellence in strategy implementation and capital efficiency by delivering projects within costs, building strategy and planning frameworks and crafting innovative funding solutions.

Dr Leesi Gborogbosi supports finance leaders in making crucial decisions and optimising performance through financial excellence in finance systems and accounting operations, budgeting, finance transformation, cost reduction, governance, risk, and compliance.

He has doctoral degrees in strategy and business studies and MSc (Research Methodology in Management) from IE Business School, Madrid and an MBA (Finance and Banking) from the University of Port Harcourt, Nigeria; and BSc (Accountancy) from the University of Nigeria, Nsukka. He had his secondary education at Federal Government College, Jos, Nigeria.

His doctoral dissertation focuses on strategy implementation, collaboration, the role of middle managers, and the dynamics of social movements (host communities).

Dr Leesi Gborogbosi leverages his professional experience as a Certified Management Consultant (CMC); Fellow, Institute of Chartered Accountants of Nigeria; and The Institute of Management Consultants. He is a member of the Chartered Institute of Procurement & Supply, London; Nigerian Institute of Management (Chartered); and Strategic Management Society, Chicago, United States.

He was nominated by the Strategic Management Society, Chicago for "Best International Conference Paper Prize Awards" in 2017 and 2015. He was appointed the Chair for the Session on “Leading change implementation processes” at the Strategic Management Society conference in Denver, United States in 2015.

Dr Leesi was a member of the Strategic Management Society “Special Committee on Diversity and Inclusion”, Chicago, USA, with the responsibility of providing the Strategic Management Society Board of Directors with a good audit of where the Strategic Management Society stands concerning inclusiveness in its activities.