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.
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