A services company (form here on THE COMPANY) in the oil & gas industry is operating in the Middle-East and Latin America. THE COMPANY has the following three opportunities for investment or operational partnership:
- 1) The XXX oilfield in north South America region.
- The oil field is not yet declared commercial by ZZZ since they await for their partner (currently THE COMPANY) to show the necessary strength to develop an 80K BPD oilfield.
- 2) The FFF oilfield in South America (already in production and currently under renegotiation with VVV).
- The South American country doesn’t certify its oil reserves so in the Data Room at tendering stage, all companies estimated around 20M barrels to be produced.
- In 2018, after award to THE COMPANY and perforations, VVV indicated 10.5M barrels instead of 20M, so now the contract is under re-negotiation to improve the conditions for THE COMPANY so that they don’t return the contract to VVV.
- 3) The TTT oilfield in South America (already in production and will enter renegotiation with VVV in the near future for better conditions).
- The South American country doesn’t certify its oil reserves so in the Data Room at tendering stage, all companies estimated more barrels than there actually are, since it was awarded to THE COMPANY and the numbers are lower than initially believed, the contract will enter re-negotiation in the near future.
Hi 234,
We are looking to invest in
– existing and operating oilfields
– with proven reserves (certifications, or documentation)
Please check my post here https://www.bzkom.ch/oil-gas-acquisition/, and please confirm if any of the projects 1), 2), 3), could correspond to our enquiry.
Thank you