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Bayelsa Oil
Company Limited
A Rig Imperial (Depthwize) was mobilized to Site in 2014
Successful Re-entry of operations and Well Completion on Atala-1 Well, which was completed with a dual completion of the U-1 and U-4 zones in July 2014.
Statutory approvals and successful mobilization of Early Production Facilities to Atala site in November, 2014
Commencement of the first phase of extended Well Test commenced with average daily production of 1500-2000 barrels.
- Well shut in due to increased production and beyond anticipation and restricted storage. -2015
- Sale and Purchase Agreement with Sterling Oil by barging operation in May, -2016.
- Off take of 2014 test production to Sterling Oil by barging operation-May, -2016.
- Atala-1 Well re-opening and EWT recommencement from two zones between March to June, -2018.
- Commencing of evacuation to Brittania-U’s Ajapa terminal by barging operation in March, -2018.
- Atala JV Terminal presentation (Proposal) to DPR in August, -2018.
- Full Production Permit awarded by DPR in August, -2018.
Current Crude Oil Production on location of 20,760 barrels needed for evacuation, Crude Handling Agreement to lift crude to nearby Excel Exploration and Production Facility with pipe lines linked to Shell Petroleum Trans Forcados Pipeline.
Field Development Plan FDP was submitted to DPR in 2017 and there is ongoing review in relation to drilling Atala, 2, 3, & 4.
Several Community Development Projects executed across the Host Communities.
All Royalties and NDA made to date is US ($160, 545.18).
Logistics support base in Kidney Island, Port Harcourt and Warri.
Consistent payment of National Data Registry Fees.
Total Atala JV expenditure to date is approximately Eighty-Five Million US Dollars ($85,000,000)
Vision
To position Bayelsa Oil Company Limited as the foremost State Government owned / independent Oil Company in Nigeria and be amongst the top oil companies in the world by providing value added products and services to the satisfaction of our clients and stakeholders.
Mission
To establish and nurture an integrated Oil and Gas Company that will not only operate in the Upstream and Downstream sectors of the Oil and Gas industry in Nigeria and beyond but compete favorably with other Oil & Gas companies.
Core Values
DEPENDABILITY
COMMITMENT
HONESTY
SERVICE TO OTHERS
ENVIRONMENTALISM
Our Partners
