Award of Participatory Interest in Egbolom Field

Marginal Fields Round 2020

Genesis Hydrocarbons Limited was successful in the 2020 Marginal Fields Bid Round and was subsequently awarded a participatory interest in the Egbolom Onshore (Swamp) Oil and Gas Field by the Federal Government of Nigeria, acting through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Egbolom field, located within Oil Mining Lease (OML) 23, was originally discovered in 1982 by Shell Petroleum Development Company (SPDC). The marginal field has an estimated potential production capacity of up to 25,000 barrels of oil equivalent per day (BOE/day) at plateau, subject to development plans and regulatory approvals.

Genesis continues to pursue disciplined upstream growth, with a strategic focus on asset acquisition, field development, and the commercialisation of Nigeria’s significant gas resources.