BOCL upstream looks forward to exciting times ahead. Our goal is to become an active player in the upstream sector by developing our upstream assets [Atala – OML 46 & OPL 240]. Further growth is expected to be achieved by:

  • Procuring oilfield concessions as they become available.
  • Growing as the industry flourishes – as larger oilfields are discovered, big players continue to downgrade previous finds for acquisition.
  • Entering into Production Sharing Contracts via funding of already producing assets that need more resources to scale their production.
  • Acquiring distressed assets (mainly those lacking finance or operational capability to bring on stream).
  • Reworking matured or bypassed reserves with new technology.

BOCL is in partnership with exploration and production firms with various levels of expertise to guarantee success.