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Oranto Petroleum Farms into Zambian Oil Blocks

Oranto Petroleum will hold a 90% stake and ZCCM Investment Holdings will control a 10% share, on behalf of the Zambian Government
Oranto Petroleum, the Nigerian founded minnow with Pan African ambitions, is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.

“Oranto Petroleum is committed to an aggressive work programme to increase the level of prospectivity in one of the world’s last true frontier markets,” said Prince Arthur Eze, Chairman of Oranto Petroleum. “Our specialty at Oranto Petroleum is discovering the vast potential of Africa’s frontier oil and gas markets, and we are very pleased to add Zambia to our extensive portfolio. We are committed to developing Zambia into an oil and gas producing nation, as we have many times with other countries on the continent.”

The company’s widely distributed press release claims that Oranto Petroleum and its sister company Atlas Petroleum International, comprise the largest African independent by acreage, with active exploration and production programs across the continent, including Benin, Equatorial Guinea, Ghana, Liberia, Namibia, Nigeria, São Tomé and Príncipe, Senegal, South Sudan and Uganda.

Under the agreement, signed Thursday, June 28, 2018, Oranto Petroleum will hold a 90 percent stake and ZCCM Investment Holdings will control a 10 percent share, on behalf of the Zambian Government. The company will be required to conduct geological and geophysical studies for first two 2-year sub-periods.

Current operators in Zambia include Tullow Oil and Bowleven. Though only marginal finds have been discovered, the under-explored market shares basins with Tanzania to the northeast and Angola to the west — both of which have hosted mega oil and gas discoveries.



2 comments

  1. ASUQUO BASSEY says:

    PLS NOTE THAT: BUYER WILL HANDLE DOCUMENTATION OF THE CARGO IN THE BUYERS NAME.

    CIF PROCEDURE:

    1. BUYER AND SELLER SIGN AND SEAL THIS CONTRACT INCLUDING BANKING COORDINATES

    2. SELLER RELEASE HIS VALID & CURRENT NNPC ATS ALLOCATION AND MANDATE
    LETTER ( PPOP)TO BUYER FOR BUYER’S CONFIRMATION

    3.BUYER’S BANK PRE-ADVICE SELLER’S BANK VIA (SWIFT MT799 OR MT199 RWA )

    4. SELLER VERIFIES AND CONFIRMS THE BUYERS SWIFT RWA. SELLER SWIFT 2%
    NON-OPERATIVE PERFORMANCE BOND TO BUYER BANK.

    5. BUYER’S BANK CONFIRMS SELLER’S PB AND ISSUE ( MT760 (SBLC) ) TO
    ACTIVATE SELLER’S NON-OPERATIVE 2%PB. NNPC NOMINATES AND LOAD VESSEL
    OR NOMINATE VESSEL ALREADY IN Zambia OR ROTTERDAM OR ANY VESSEL CLOSED
    TO BUYER PORT OF DISCHARGE AND ASSIGNS THE CARGO DOCUMENTS IN BUYERS
    NAME SUCH AS:

    1).ATS.
    2).BILL OF LADING
    3).CARGO MANIFEST.
    4).CERTIFICATE OF QUALITY
    5).CERTIFICATE OF QUANTITY.
    6).ULLAGE REPORT.
    7).MASTER RECEIPT OF SAMPLE.
    8). CERTIFICATE OF ORIGIN ………………….ETC ALL IN BUYERS NAME.

    6)ALL DOCUMENTS TO BE IN BUYERS NAME,SELLER INSTRUCT VESSEL CAPTAIN TO
    ISSUE NOR/ETA TO BUYER AND SAIL TO BUYER’S POD AND ANNOUNCE ARRIVAL TO
    THE HARBOUR IN FAVOR OF BUYER,

    7)SELLER/NNPC’S VESSEL ISSUES ATB AND BUYER BOARD INSPECTORS FOR
    Q&Q/CIQ ANALYSIS.

    8)UPON SUCCESSFUL INSPECTION ON NNPC VESSEL AND Q&Q/CIQ REPORT ISSUED
    BY SGS INSPECTORS WHICH IS RELEASED TO BOTH THE BUYER AND SELLER.

    9).SELLER ISSUE COMMERCIAL INVOICE (CI) AND INSTRUCT VESSEL CAPTAIN TO
    DISCHARGE CARGO INTO BUYER’S STORAGE TANK.

    10)BUYER CONFIRM UNLOADING OF CARGO AND MAKES FULL PAYMENTS BY MT103
    DIRECTLY TO THE SELLER NOMINATED BANK ACCOUNTS AND COMMISSIONS PAID
    WITHIN THREE (3) INTERNATIONAL BANKING DAYS AND SELLER ISSUE AND
    RELEASES ALL ORIGINAL DOCUMENTS IN BUYERS NAME TO BUYER.

    11)NEXT SHIPPMENT COMMENCE.
    Contact MR BASSEY 08062709991

  2. Aby says:

    Zambia has been conducting oil and gas explorations for years in various parts of the country. As per current scenario & as I read Somewhere, there is potential for oil and gas in many blocks which runs from east Africa through Kenya and Tanzania and Zambia etc. It is good indication for Zambian oil industry. Lots of prayer for more better future.

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