We Are Powering the Future
Government/NOC grants the Exploration Development License
Fonterra / Partners hold the assets and equity
The Partnership is the “operator” of the field.
‘Operator’ leases drilling rigs and hires contractors for various
activities.
‘Operator’ undertakes reservoir evaluation and final determination of recoverable oil.
Make decision on field development architecture.
Drilling & Development by Contractors
‘Operator’ handles all environmental issues
‘Operator’ to lease drilling rig
Drilling contractor provides drilling equipment and materials
‘Operator’ & Drilling Contractor to jointly hire & consult with other drilling mud, casing & well completion firms
Production of Oil & Gas by Contractors
As soon as the well has been completed the drilling rig is moved off to another drilling operation
Production of the completed well is performed under a structured production plan
Associated gas is treated and disposed off in accordance with government regulations
Production Plan Developed by Operator
Operator’ develops strategic cost management
‘Operator’ to develop various costs: finding costs,
developing costs, direct lifting costs, producing
taxes, etc.
Disposal of Produced Oil
‘Operator’ pays government
taxes and other financial
obligations
Oil is evacuated for disposal to
off‐takers