Located offshore in the heart of the prolific Niger Delta producing area, Ajapa is a partially delineated oil and gas field discovered in 1987. Sovereign has mapped potential recoverable reserves ranging from 15 million barrels to 140 million barrels on the block utilizing the 1997 Chevron 3D seismic data. Sovereign negotiated Syntroleum’s farm-in and acquisition of a 40% participation interest in the Ajapa Field from Britannia-U, the Nigerian asset owner, in 2006. Appraisal and development drilling are scheduled to commence in 2007 with first oil anticipated in 2008. Sovereign retains an equity interest in the Ajapa Block.

Ajapa Project Detail
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