GPDC directly and indirectly holds interest in two shallow offshore oil blocks, OPLs 2009 and 2010, and three land oil blocks, OML 149,OPLs 907 and 917. GPDC is the Operator of four (4) of the licenses on behalf of its JV Partners.
The fifth asset OML 149(formally OPL 135), is operated by Eni/Agip for the first 8 years from commencement of production. Thereafter, GPDC will become the operator till end of life of field. Two of these assets (OML 149 & OPL2009) are presently at the field development stages.
OPLs 917 and 907 are two contiguous blocks with some similar features based on geological characteristics and are within the assumed gas prone Anambra Basin. Both blocks are extensively covered by existing 2D Seismic lines of vintage 1971-1972 acquired by both Shell and Total and other data such as Logs and well reports. The prospectivity of both blocks as part of the Anambra Basin suggest huge potential for gas accumulation as well as some oil discovery.