{"id":10249,"date":"2021-04-22T21:39:59","date_gmt":"2021-04-22T21:39:59","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10249"},"modified":"2021-04-22T21:39:59","modified_gmt":"2021-04-22T21:39:59","slug":"nigeria-adm-energy-enters-barracuda-field-collaboration-agreement","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-adm-energy-enters-barracuda-field-collaboration-agreement\/","title":{"rendered":"NIGERIA: ADM Energy Enters Barracuda Field Collaboration Agreement"},"content":{"rendered":"<p class=\"bk\"><span class=\"bc\">ADM Energy PLC , a natural resources investing company, is pleased to announce it has entered into a non-binding collaboration agreement with OES Energy Services Limited, Nigeria&#8217;s largest swamp rig services provider, and 4Mation Drilling Services Limited , a solution provider in the energy sector.<\/span><span class=\"bc\">\u00a0<\/span><\/p>\n<p class=\"bk\"><span class=\"bc\">ADM, OES and 4Mation plan to explore opportunities to develop Barracuda Field in OML 141 and associated work-related activity in Nigeria. It is the intention of the Parties, together with the risk sharing consortium in respect of Barracuda Field, that a formal agreement will be entered into in advance of any work commencing. The CA may be terminated by mutual consent.<\/span><span class=\"bc\">\u00a0<\/span><\/p>\n<p class=\"bk\"><span class=\"bc\">Subject to any potential formal agreement, the intention is for OES to provide the swamp drilling rigs required for the Project. 4Mation would provide a variety of project management services including well engineering services, technical personnel, security and logistics.<\/span><span class=\"bc\">\u00a0<\/span><\/p>\n<p class=\"bk\"><span class=\"bc\">In addition, OES and 4Mation may consider providing vendor financing to achieve the scope of work to be agreed, subject to terms and conditions to be determined at the point of an award of contract.<\/span><span class=\"aw\">\u00a0<\/span><\/p>\n<p class=\"bl\"><span class=\"bm\">Osamede Okhomina, CEO of ADM Energy plc, said:\u00a0<\/span><span class=\"bn\">&#8220;The RSA partners continue to build a high-quality circle of specialist partners to facilitate the development of the Barracuda Field. These agreements are important steps in ensuring we are ready to deliver on our drilling plans later in the year, which will bring the project on stream and significantly ramp up our production volumes.&#8221;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADM Energy PLC , a natural resources investing company, is pleased to announce it has entered into a non-binding collaboration agreement with OES Energy Services Limited, Nigeria&#8217;s largest swamp rig &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-adm-energy-enters-barracuda-field-collaboration-agreement\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[9270,8739,9144,1440,9269,9148,2267,9272,9271],"class_list":["post-10249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-4mation-drilling-services-limited","tag-adm","tag-barracuda-field","tag-logistics","tag-oes-energy-services-limited","tag-oml-141","tag-security","tag-technical-personnel","tag-well-engineering-services","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Fj","jetpack-related-posts":[{"id":10204,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-adm-energy-enters-into-a-non-binding-collaboration-agreement-with-eunisell\/","url_meta":{"origin":10249,"position":0},"title":"NIGERIA: ADM Energy Enters into a non-binding collaboration agreement with Eunisell","author":"","date":"April 12, 2021","format":false,"excerpt":"Under the terms of the CA, subject to the completion of certain due diligence, ADM and Eunisell will explore\u00a0collaboration opportunities to carry out development of Barracuda Field in OML 141 and associated work-related activity in Nigeria.\u00a0 It is the intention of both parties, together with the risk sharing consortium in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10272,"url":"https:\/\/www.oilnewskenya.com\/index.php\/adm-energy-completes-barracuda-field-transaction\/","url_meta":{"origin":10249,"position":1},"title":"ADM Energy Completes Barracuda Field Transaction","author":"","date":"April 28, 2021","format":false,"excerpt":"ADM Energy has announce it has completed its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda Field in OML 141, an existing discovery and near-term production asset in swamp\/shallow waters offshore Nigeria.\u00a0 Highlights \u00b7\u00a0ADM acquires a 51% interest in K.O.N.H. UK\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10082,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-adm-energy-invests-in-the-development-of-the-barracuda-oil-field-in-oml-141\/","url_meta":{"origin":10249,"position":2},"title":"NIGERIA: ADM Energy Invests in the Development of the Barracuda oil field in OML 141","author":"","date":"March 23, 2021","format":false,"excerpt":"ADM Energy has announced that it has conditionally agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp\/shallow waters offshore Nigeria.\u00a0 The investment will be made by way of an acquisition of a 51% interest in K.O.N.H.\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11247,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-zenith-energy-noble-hill-network-enter-option-agreement-for-oml-141-rsc\/","url_meta":{"origin":10249,"position":3},"title":"NIGERIA: Zenith Energy, Noble Hill-Network Enter Option Agreement for OML 141 RSC","author":"","date":"November 29, 2021","format":false,"excerpt":"Zenith Energy has entered into an Option Agreement with Noble Hill-Network Limited, a private Nigerian oil and gas company. NHNL is the sole, 100% holder of a Risk Service Contract for the development of the North-West Corner of OML 141 in Nigeria, defined as the Risk Service Contract Area, which\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oil-Rig.jpg?fit=907%2C535&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oil-Rig.jpg?fit=907%2C535&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oil-Rig.jpg?fit=907%2C535&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Nigeria-Oil-Rig.jpg?fit=907%2C535&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11595,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-zenith-energy-gets-extension-of-option-agreement-for-oml-141-rsc\/","url_meta":{"origin":10249,"position":4},"title":"NIGERIA: Zenith Energy Gets Extension of Option Agreement for OML 141 RSC","author":"","date":"January 13, 2022","format":false,"excerpt":"Zenith Energy has announced that it has agreed an extension to the Option Agreement with Noble Hill-Network Limited announced on November 29, 2021, for the purchase of a 42% (forty-two percent) interest in the share capital of NHNL. NHNL is a private Nigerian oil and gas company and the registered\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Aje-field.jpg?fit=807%2C807&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Aje-field.jpg?fit=807%2C807&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Aje-field.jpg?fit=807%2C807&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Aje-field.jpg?fit=807%2C807&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11946,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-zenith-energy-elects-not-renew-the-option-agreement-for-oml-141\/","url_meta":{"origin":10249,"position":5},"title":"NIGERIA: Zenith Energy Elects not Renew the Option Agreement for OML 141","author":"","date":"March 2, 2022","format":false,"excerpt":"Zenith Energy has announced that it has elected to not renew the Option Agreement with Noble Hill-Network Limited, first announced to the market on November 29, 2021, for the purchase of a 42% (forty-two percent) interest in the share capital of NHNL. Zenith says it remains of the view that\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/OML-141-2.jpg?fit=576%2C394&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10249"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10249\/revisions"}],"predecessor-version":[{"id":10250,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10249\/revisions\/10250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10084"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}