Founded 1991
35 years
Operations
How we create value
GPDC directly and indirectly holds interest in two offshore oil blocks, OML 151 (formaly OPL 2009), and OPL 2010. As well as three onshoreoil blocks, OML 149 (formaly, OPL 135), OPL 907, and OPL 917.
GPDC is the operator of four of the licenses on behalf of its JV Partners.
Portfolio Summary
3 onshore, 2 offshore
5 blocks
Onshore + offshore acreage
7,500 km² + 800 km²
Estimated gas resources
6.4 Tcf
Oil 2P reserves (net)
70.06 MMboe
2C resources (net)
141.8 MMboe
Asset class
Offshore Assets
OML 151
OML 151 (formerly OPL 2009) is an offshore asset located on the South Eastern flank of the Niger Delta.
Location
Offshore, Niger Delta
History
Awarded to GPDC from the 2007 Bid Round under a Production Sharing Contract ("PSC") in December 2008
Water Depth
30-100m
Gross 2P Oil Reserves
47.1 MMbl
Gross 2P Gas Reserves
230 Bcf
OPL 2010
OPL 2010 is an offshore asset located 55-80 km off the South Eastern Nigerian coast.
Location
Offshore, Eastern Niger Delta
History
Awarded to GPDC in the 2007 Bid Round under a Production Sharing Contract ("PSC") signed in December 2008
Water Depth
65 - 170m
Gross 2C Oil Resources
74.7 MMbl
Gross 2C Gas Resources
371.8 Bcf
Asset class
Onshore Assets
OML 149
OML 149 (formally OPL 135) is located in the northern onshore flank of the Niger-Delta.
Location
Delta, Nigeria
History
Awarded to Global Energy Company (GEC) in the 2005 Bid Rounds by the Nigerian Government under a Production Sharing Contract ("PSC")
Acreage
420 sq. km
Gross 2P Gas Reserves
188 Bcf
Gross 2P Condensate Reserves
6 MMbl
OPL 917
OPL 917 spans an area of approximately 1,702 km2 and is located onshore in the Anambra Basin in the southern part of Nigeria.
Location
Anambra, Nigeria
Acreage
1702 sq km
OPL 907
OPL 907 is located onshore Nigeria within the highly prospective Anambra Basin.
Location
Anambra, Nigeria
Acreage
2,284.5 sq km
Gas Strategy
Gas Overview
With land and offshore acreages of approximately 7500sq km and 800 sq km respectively, and an estimated gas reserve of some 6.4TCF and oil reserves of 1.3billion barrels, GPDC is a major and significant player in the emergent gas play in Nigeria. GPDC's Gas and Power strategy is to establish ownership of feed stock and develop expertise and build assets along the value chain, with an ultimate aim to own power plants, supply gas to them and where possible optimize the portfolio by providing associated or specialized services to the assets.
In the medium to long term, GPDC will expand its operations into high prospectivity assets in West Africa, whilst pursuing major gas utilization projects in partnership with strategic gas technology companies focused on LNG, GTL, fertilizers, etc. We also have a strong interest in developing a major gas-fired power plant (IPP) utilizing our gas resources in the contract areas to evaluate opportunities in pipeline infrastructure, gas distribution, commodity trading & supplies.