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We provide project finance for natural resource and power projects. We can also access funds for infrastructure projects. Synterra are particularly keen on renewables, including but not limited to solar PV, waste to energy and mini hydro. We see solar PV as a crucial component of the Nigerian energy mix but the least developed with the most potential. We have partnered with global providers and lenders that are specifically solar PV facilitators

The Synterra  Group are currently    deal  originating  in the Nigerian Upstream  Oil  and Gas  Sector
The Senior Management of the company ha ve vast experience with over 20 years  working in Nigeria  Upstream  and understands the Nigeria specific investment environment
We have excellent long term relationships with all the key  players   in the Nigerian  Oil and Gas sector, including , the Senior management of NNPC, their producing subsidiary NPDC  and industry regulator   The DPR (Department of Petroleum Resources)

Synterra are currently involved in advanced negotiations with  NNPC, NPDC and our Partners over  the acquisition  and Operatorship of Oil Mining  Leases and substantial acreage in the Niger Delta

Synterra   have been appointed as  Financial Advisors  for  many  of these transactions and  are currently  arranging finance
There   is a marked increase in local companies   participation operating  in the E&P space in Nigeria. this is driven by  Government legislation, local content has  created a wave of indigenization  in the sector.

Divestments by Shell (SPDC), other majors  and several bid rounds  has created opportunities for investment and partnerships with  local E&P companies. Indigenization of the Nigerian Upstream as  had the effect of integrating communities  and E&P companies which are now seen as  part of the community. Nigeria benefits from a  large gene pool of experienced Oil and Gas professionals, many whom have worked for Oil Majors  and have valuable  knowledge, skills and experience  in the prolific Niger Delta  system


NNPC  has transferred its assets to NPDC its E&P and producing  subsidiary . A number of  NPDC asset are looking for funding under Financial and Technical Service  Agreements (FTSA), Sole Risk  and Oil Service  Agreements. Many of the assets have closed in production due to  past community and legacy issues with most of them being divested by the IOCs.

There are a number  of  production enhancement opportunities. Including very prospective onshore  and offshore fields   with 2P  recoverable  in place. A variety of  service contract types available including  over riding royalty  models. Synterra currently ground -breaking lease terms for OML11 (Ogoniland) which produced over 250,000 bpd prior to be  shut in 1993

 

Synterra Energy are actively involved in a number of oil and gas upstream projects and have established strong partnerships with a variety of first  class EPC contractors and service providers, Synterra ‘s  main proposition is to provide local knowledge and  down side risk mitigation  for investment in Nigerian  upstream capital projects. Our  strategy is to establish value through the development of niche upstream E&P opportunities in Nigeria  with an initial focus on discovered resources with early cash-flow and upside potential.

Value creation and risk management is provided by a strong African-biased operating capability, local stakeholder support and seasoned knowledgeable  management helps reduce downside risk. It has been conservatively estimated that Nigeria  need to invest circa    cUS$50 B   on  capital projects and  infrastructure in the next decade .Our position in the  Oil and Gas sector   and our current relationships with  political decision makers afford us outstanding  opportunities  to acquire  lucrative  investment acreage. The ultimate value proposition is in reducing in country down-side risk outside of the global commodity or open market risk.

 

WHAT IS THE BASIC FRAMEWORK FOR MARGINAL FIELDS?

There is a reported huge reservoir of marginal oil fields in Nigeria conservatively estimated to contain over 2.3 billion barrels of Stock Tank Oil Initially In Place (STOIP) strewn over 183 marginal fields. However, no fixed rules have been laid down for a universal definition of the term marginal field. This is due to the simple reason that technical, strategic and economic factors guide the categorization of an oil field as being marginal. This has been further compounded by the oil price volatility experienced over the last couple of years. There has been a aggressive drive by E&P companies to reduce the per barrel cost of production which has significant ramifications on marginal field classification

The basis of consideration is seemingly subjective depending on the interest of the party. Marginal Oilfield became a policy of Government under the Petroleum (Amendment) Decree No 23 of 1996, which introduced paragraph 16A to the 1st schedule to the Petroleum Act.