Aiteo, Shell trade blames over 16m oil barrel theft
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Aiteo accuses Shell of theft of 16 million barrel of crude oil
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Nigeria: San Leon Energy provides update on its investment in the Oza field
02 Feb 2021
Further to its previous announcements,
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has provided an update on the funding arrangements by
Decklar Petroleum to develop the
Oza oil field in Nigeria. When fully disbursed, the funding is expected to be sufficient to re-establish oil production and provide development funding for the Oza oil field.
Update Regarding Funding Arrangements
The due diligence required to finalise the term debt to Millenium Oil and Gas Company Limited, Decklar s local partner, arranged with a Nigerian bank and the trading subsidiary of a large multinational oil company active in Nigeria has progressed and the final report by the independent technical consultant that they contracted, which is based on a review of reserve and production data and financial projections, has been issued. The definitive loan d