Mart Resources Takes Stake in Nigeria’s OML 18 Field

Mart Resources will be leading a consortium to take 45% stake in OML 18.  The remaining 55% will remain with NNPC. The 45% was sold by Shell together with its partners Total and Eni. OML 18 produces between 20, 000 to 30, 000 barrels per day from about 30 wells. OML 18 is onshore.



Wade Cherwayko, Chairman and CEO of Mart Resources



Remember that Mart Resources is already into agreements with Midwestern and Suntrust to provide technical and financial services, and to participate in the development of Umusadege field.

Photo credit: http://www.martresources.com