Oranto Petroleum to berth in Niger Republic

Nigeria-based Oranto Petroleum (atlas-Oranto.com) has signed a Memorandum of Understanding with the Ministry Petroleum of the Republic of Niger outlining its intention to sign production sharing contracts on Blocks R5, R6, Dibella and Dallol in the Tenere and Agadem Basins in Niger.

According to the agreement signed in September between Prince Arthur Eze, Chairman, Oranto Petroleum, and Foumakoye Gado, Minister of Petroleum of Niger, Oranto is to receive all technical data on the blocks.

After a satisfactory review of the data, Oranto will be granted the blocks under the terms outlined in the country’s petroleum code and as determined by the ministry.

“We greatly look forward to working with the government of Niger Republic as the country seeks to build its oil and gas portfolio. As a leading African independent with an expertise in frontier exploration, we believe the potential of Blocks R5, R6, Dibella and Dallol has yet to be fully explored, and we are eager to get to work,” said Eze.