Grounded in entrepreneurial initiative and able to capitalize on regional technical expertise, Allied Energy has formed partnerships with both major international and indigenous oil & gas companies, permitting exceptional access to the West African market.
Allied Energy has been or continues to be significantly involved in a number of fields offshore Nigeria such as: Ukpokiti, Oyo, Ewo and Obe.
Ukpokiti Field is in OML 108, which was acquired in 1995 with Conoco. First production began in 1997 at a rate of 22,000 barrels per day, and the field continues to produce today. In 2004, Lagos-based Shebah E & P Company Ltd. (SEPCOL) purchased Conoco’s 40% share in Ukpokiti. Express Petroleum, another Nigerian company, also partners in the field.
In 1996, Allied Energy with partners BP and Statoil, discovered the Ewo Field, another deepwater find in the same area as Oyo in OML 120. In 1999 – Obe – was drilled in OML 110. Obe yielded 7,000 barrels per day, with reserves of approximately 15 million barrels. Although the interest in the Obe Field was sold in 2004, Allied Energy retains an option to participate in deepwater development.