OPL 276

Newcross’ OPL 276 block is located in the southern-eastern part of the Delta province in Akwa-Ibom state. The asset, with a license area of 524sqkm (excluding the marginal field license area), sits in a transition zone with a terrain ranging from dry land in the north to mangrove swamps, beaches and shallow marine areas in the south with draft of about 7m. It is bound by OML 13 (West), OML114 & OPL 452 (East & North respectively) and OML 123 (South).

In 2010, Newcross entered into and executed an SPA with Centrica and CCC to acquire 60% and 30% respective participating interest in the concession, while Albright Wave retains its 10% interest as the Local Content Vehicle (LCV).

administratorOPL 276