The aim of Mid Atlantic Ridge E &P Ltd is to partner with indigenous Nigerian companies to acquire high quality offshore marginal and stranded fields, which have the potential for fast production development.
The Result? Quick financial returns for partners, investors and the host government.
Mid Atlantic Ridge E & P Ltd was set up in 2020 during the time of Coronavirus. The founders of the company saw a unique opportunity to become involved in the proposed licensing round for small to medium stranded oil fields in offshore Nigeria. Some of these licenses that have been held in excess of 10 years have now been taken back by DPR to be placed in a licensing round. There are also others at risk of being taken back unless activity starts to take place.
The founders have extensive experience in Africa, but with a particular focus on Nigeria. The company can bring this experience, funding and a unique consortium agreement with other service companies for quick, effective and profitable development of the chosen fields.
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