Belemaoil Producing Limited acquired the entire 40% participating interest in OML-55 from Chevron Nigeria Limited in a competitive bidding process in 2013 and consequently became the operator of the OML-55 Asset in the Joint Venture between Belemaoil Producing Limited and Nigerian National Petroleum Corporation (NNPC). OML-55 is a prolific hydrocarbon resource acreage in the swamp and shallow water covering an area of about 2648 sq.km within the Coastal swamp depobelt of the Eastern Niger Delta. The block contains several exploration opportunities that are currently being evaluated in order to harness its full potential as part of an aggressive exploration campaign. .
BPL is the operators of the Idama, Jokka, Robertkiri and Inda Fields. We are also a partner in the SPDC operated Belema-Belema North Unit with a 7.73% equity