INTRODUCTION
 The
Greater Nile Oil Project (GNOP) in Sudan is located in the Muglad
Basin, around 435 miles southwest of the capital Khartoum. The nearest
oil export point from the field is the Port Sudan on Red Sea, which
is around 930 miles from the oil fields. OVL acquired Talisman's
25% participating interest in the GNOP on 12 March 2003
OWNERSHIP STAKES
The project is divided into two segments: Upstream and Downstream.
The Upstream segment is covered under a Exploration and Production
Sharing Agreement (EPSA), while the Downstream part is covered under
a transportation agreement named Crude Oil Pipeline Agreement (COPA).
The consortium members are :
| • |
China National Petroleum Corporation,
CNPC (40%) |
| • |
Petronas Carigali Overseas Sdn BHD,
PETRONAS (30%) |
| • |
ONGC Videsh Limited, OVL (25%) |
| • |
Sudan National Oil Company, SUDAPET (5%) |
STATISTICS
| • |
Oil Reserves: More than one billion
barrels
|
| • |
Plateau Oil Production: Around 3,00,000
barrels per day
|
| • |
Pipeline: 1504 km pipeline (28")
from the Heglig Fields to Port Sudan
|
| • |
Marine Terminal: At Port Sudan, with present storage capacity
of 3.2 million barrels |
| • |
Commercial Terms: Upfront investment of US$ 720 million |
OPERATING STRUCTURE
The Greater Nile Petroleum Operating Company (GNPOC), a corporation
incorporated under the laws of Mauritius on June 17, 1997, is the
operator of GNOP. The ownership in GNPOC is in same proportion of
consortium parties as in Production Sharing and Transportation Agreements.
OVL has 41 secondees in GNOP, Sudan at middle and senior level positions.
Assets
The GNOP has established over a billion barrels of reserves .Current
production from 10 fields is about 255,000 BOPD.The crude from oil
Fields is pumped through a 28", 1504 km long buried pipeline
to Port Sudan Marine Terminal.The oil is shipped from Port Sudan
DEVELOPMENT PLANS
Intensive exploratory efforts are ongoing in Blocks 1A, 2A and 4
in order to establish additional reserves.
Contact Information
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