Exploration, development and production assets
The Atlas and Oranto acreage portfolio has delivered success with the drill bit. Net daily production is 14,000 barrels of oil equivalent per day and exploration upside exists with billion-barrel drill-ready prospects in many licences. Appraisal and field development farm-in opportunities are available on a number of licences.
Oranto Petroleum performs the role of early exploration phase licence operator, conducting subsurface technical work programs and acquiring seismic data. We establish and de-risk prospectivity of acreages to attract technical partners to operate these licences during the exploration drilling phase. While Oranto often remains the administrative operator for a licence, drilling operations are typically conducted by a farm-in technical partner who conducts all well operations.
Oranto’s current portfolio spans onshore, near-shore, mid-shore and deepwater blocks. Many licences are adjacent to, on trend with and within the prospective fairway of recent world class discoveries in West Africa. Some deepwater prospects offer billion-barrel drilling opportunities. Also within the portfolio are field appraisal and development projects.
Atlas Petroleum International is our production company and currently produces 14,000 boepd from two production hubs: Block I in Equatorial Guinea and OML109 offshore Nigeria.