- Oil Blocks in OML34 (45% Equity)
- Pipeline & Infrastructure
ND Western Limited (“ND Western”) is an independent Nigerian oil and gas exploration and production company made up of a consortium of four companies: Niger Delta Petroleum Resources Limited (NDPR), Petrolin Trading Limited (PETROLIN), FIRST Exploration & Petroleum Development OML 34 Limited and Walter-Smith Exploration and Production Limited.
ND Western was incorporated on 20th April, 2011 as a Special Purpose Vehicle to acquire the jointly held 45% participating interest of The Shell Petroleum Development Company of Nigeria, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited in Oil Mining Lease (OML) 34. Contracts for the transfer of the assets were exchanged on 17th June 2011, at a historic signing ceremony of the Sale and Purchase Agreement with the NNPC/ Shell/ Total/Agip JV and the transaction completed on 1st September 2012.
ND Western is now the holder of a 45% Participating Interest in OML 34, in an unincorporated JV with Nigerian Petroleum Development Company Limited (NPDC) that holds the remaining 55% interest previously held by its parent entity, the Nigerian National Petroleum Corporation. NPDC is the operator of the Asset.
For more information about this company, visit: http://ndwestern.com