🇳🇬 Shoreline targets over 100,000 bpd from OML 30 by end-2027 after $500m Qatar Islamic Bank financing

Shoreline Natural Resources plans to increase oil production from Nigeria’s OML 30 to above 100,000 barrels per day by the end of 2027, backed by a $500m Islamic financing package arranged by Qatar Islamic Bank. The funding will support a new drilling campaign, according to The Africa Report.

OML 30 is one of Nigeria’s onshore oil blocks, and the expansion plan was disclosed in a report published yesterday at 15:26 GMT+1. Shoreline Energy International is chaired by Kola Karim.

#Nigeria

🔸 Source

@africaintel