The Department of Petroleum Resources (DPR) in Nigeria, gave the marginal field awardees 45 days from 8 March 2021 to pay their signature bonuses or forfeit their interests.

I am a commercial advisor to a number of awardees of marginal oil and gas fields in Nigeria mandated to raise funding for the payment of signature bonuses and field development costs.

The funding can be in the form of structured finance which may include (1) Equity Capital, (2) Debt Financing, (3) Technical Support During Field Development And (4) Potential Offtake Agreements.

Examples Of Some Of The Fields Awardees That Are Available:

FIELD 1

My Client has:

Equity is 19% +25% = 44% (2 Awardees here are working together)

Signature bonus is Naira 1.04Bln + Naira 1.4Bln = Naira 2.4Bln

Funding required = Signature bonus + Field development = $44mln

Total Field Info:

There are 4 Awardees in this field

Total field development cost is $100mln (to first gas/oil)

The 2P Reserve is estimated at 1.07 TSCF. 

The 2C Contingent Resources for Oil estimated at 38.47 MMBO

The 2C Contingent Resources for Gas is estimated at 521.72 BSCF

FIELD 2

My Client has:

Equity is 27.1%

Signature Bonus is Naira 2.1Bln

Funding required = Signature bonus + Field development = $40.5mln

Development fund of $30m

Offering 10% Equity for $5m 

Total Field Info:

There are 3 Awardees in this field

Total Field Development Cost is $120mln

Gas Reserve is 130 BCF

Condensate is 8 Million Barrels

Oil Reserve is 0.61 MMBO

Contact

Interested investors, financiers and field developers should contact me: +2347034604152 (Also WhatsApp) Or leesi.gborogbosi@gmail.com  Or  info@gabrieldomale.com  

My LinkedIn profile: https://www.linkedin.com/in/leesi-gborogbosi

How Gabriel Domale Consulting create value for banks and the oil industry

A key strategic focus for Gabriel Domale Consulting is to develop the capacity of banks, oil firms, Contractors, and investors in the oil and gas industry to deliver projects timely and within costs. Gabriel Domale Consulting work with the bank’s oil and energy team and training school to provide consulting services and conduct training programs.

We deliver consulting services to banks in the following key areas: (1) Training: Conduct training and transfer our deep knowledge and insights of the oil and gas industry to banks’ oil and energy teams, and (2) Consulting services: Work with oil and energy teams to enable them effectively review and make the right decisions on transactions coming from the oil and gas industry.

The training sessions and knowledge sharing will be led by our CEO, Dr Leesi Gborogbosi, an expert in finance, strategy, corporate governance, transformation, due diligence, cost reduction and contract management.

This training can be provided as in-house training sessions or presented at your training school. Our training will help to develop the capacity of member key industry players to understand the dynamics of project execution, contract management, and externalities.

We help Finance and Business Leaders optimize performance and to make critical decisions through financial excellence in budgeting, cost reduction, finance transformation, finance and accounting operations, financial analysis, finance systems and SAP, governance, risk, and compliance

Also, we work with Business and Finance Leaders 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, forecasting, and developing innovative funding solutions.

The growth of our firm is hinged on the strategic perspective of growing a strong relationship with our clients and working with them to achieve competitive advantage and viable market growth.

We have a team of experienced Managers from Shell (ex-staff) with competences in finance, contracting, business planning, strategy, project management, knowledge management, risk management, and engineering.

Author

Dr Leesi Gborogbosi

Bio - Dr Leesi Gborogbosi – CEO, Gabriel Domale Consulting

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 namely, 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 provides support to finance leaders to make crucial decisions and optimize 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 the "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 with respect to inclusiveness in its activities.