OPL 291

OPL291 is located approximately 130 km off the Nigerian coast in water depths ranging from approximately 1,000 to 2,300 m. The highly prospective nature of the property is underlined by its proximity to the nearby world-class Agbami oil field in an adjacent block, which is currently under development by Chevron. OPL291 represents the mandatory relinquishment area following conversion of OPL216 to OML127 prior to development of the Agbami field in OML127.