Geostar Energy Ltd. (GEL) is a wholly owned Energy Company that was established in 1991 to deliver services
to the oil and gas sector in Nigeria.
Within a few years the company established
a niche for the delivery of unique technology solutions to multinational clients.
Geostar Energy is the asset owner of a diverse
portfolio of Oil & Gas assets in the Niger Delta and Anambra basin of
Nigeria. There are 5 blocks (3 onshore & 2 offshore) and one marginal field
licensed to GPDC and her partners.
GEL is emerging as a major domestic
gas player with an aggressive drive for placement gas supply solutions to
integrated power plants, mini-fertilizer facilities, LPG recovery plants and
other CH4 businesses related to domestic gas markets in Nigeria. A refined
petroleum products trading line is included in our portfolio. In the next five
years, GPDC plans to build a minimum of 250 mmbo reserves base with a
guaranteed production of at least 50,000 barrels per day. Similarly, a net gas
reserve base of 3tcf and a 200 mmscfd production is targeted. Current
development projects to achieve these targets include:
- 3D seismic campaign commencing in Q4 ’08 in the Anambra
Basin (OPLs 907/917) and OPL 135 (jointly with ENI)
- Integrated subsurface studies for OPLs 2009/2010
commencing Q4’08 to achieve an early production system offshore Nigeria
within the next twenty four months.
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Commitment & purpose