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MAGMA EXPLORATION & PRODUCTION
News & Media


ED (Planning & Commercial), NPDC meets With Magma E & P Directors and Top Management

21st July 2016

The MAGMA E&P team (comprising of the Chairman, Executive Directors, MD/CEO and Technical Manager) had a meeting with a team from the solely NPDC land operated assets, OML 65 and OML 111 at Benin City, Edo State on the 21st of July 2016. The meeting was chaired by the Executive Director, Planning & Commercial, Nigerian Petroleum Development Company (NPDC), Mr. Moses D. Olamide.
Our MD/CEO outlined MAGMA’s plan to provide technical and financial support towards the further development of oil and gas fields in OML 65 and OML 111. He presented a development strategy to firstly increase the current production from the two leases by 20,000 to 30,000 bopd through a series of workovers and infill drilling. The second phase of development involves seismic acquisition, processing and interpretation, exploration/appraisal drilling, associated gas gathering projects, processing facilities construction/upgrade and refinery construction.

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GED / COO (Upstream), NNPC meets With the Magma E & P Team

21st July 2016

Mr. Bello R. Rabiu, Group Executive Director / Chief Operating Officer, Nigerian National Petroleum Corporation (NNPC) granted audience to the MAGMA team at his office in the NNPC Towers on the 22nd of March 2016. The GED was impressed with the level of experience and technical expertise in the MAGMA team. He told the team about the need to engage Nigerian Petroleum Development Company (NPDC) further on our proposal to enter into a Joint Venture Arrangement with them to provide both financial and technical support towards the further development of Oil & Gas fields in NPDC land operated leases (OML 65 and OML 111).




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Magma E & P Team makes presentation to NNPC Team
22nd March 2016

The MAGMA E&P team made a presentation to a team from the Nigerian National Petroleum Corporation at the NNPC Towers on the 22nd of March 2016. The meeting was chaired by the Group General Manager, Liabilities Management, NNPC, Mr. G. C. Okonkwo. The MAGMA team included the Vice President of the Nigerian subsidiary of a foremost international bank. MAGMA’s proposal to partner with NPDC on the development on OML 65 and OML 111 was well received.......


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