Copyright 2015 Movido Exploration & Production (Nig.) Ltd. All Rights Reserved.
Approximately $80m funding required for field development plan.
Significant debt financing available.
Possible opportunity to purchase equity in the field.
Significant opportunity to create platform for further expansion in Nigeria/Marginal Fields, and other non-marginal blocks.
Refurbish Middleton Production Platform (MPP) in stages.
Drill additional wells Ekeh 3H and 4H.
Install unmanned sealed well head platform with telemetry.
Lay pipelines to MPP and initiate production.
Initial production targeted at 5,000 bpd.
Drill further additional development wells.
Development Plan Summary
MOVIDO EXPLORATION AND PRODUCTION (NIGERIA) LIMITED