Marginal Field Acquisition
Structuring, due diligence and facilitation of marginal field acquisitions, guiding you through bid, award and farm-in to a clean, fundable position.
Oil & Gas Consultancy · Nigeria
Onterra Nigeria Limited develops and facilitates marginal field acquisition and production, with the people, the partners and the complete understanding of the system needed to turn a field into flowing barrels.
Who we are
Onterra Nigeria Limited is an oil & gas consultancy built around a single, hard-won competence: taking a marginal field from the moment of purchase all the way through to first oil. The company is established and proven, recently renamed, but carrying years of operational knowledge into everything we do.
We understand the system completely, the regulatory pathway, the commercial structure, the subsurface, the surface facilities and the people who make it run. And we have the manpower, consultants and partners on the ground to make a field a reality rather than a plan.
What we do
Whatever happens between purchasing a field and delivering first oil to the market, we can consult on it and facilitate making it real.
Structuring, due diligence and facilitation of marginal field acquisitions, guiding you through bid, award and farm-in to a clean, fundable position.
End-to-end development management: subsurface evaluation, FDP, facilities, drilling and completions, all sequenced to reach first oil on schedule.
Slickline and electric-line operations for logging, perforation, intervention and data acquisition across the life of the well.
Coiled tubing interventions, clean-outs, stimulation, nitrogen lifting and well servicing to restore and sustain production.
Workovers, well testing, production optimisation and integrity management to keep barrels flowing efficiently and safely.
Tendering, contracting and supply-chain coordination, assembling the right vendors and terms for each phase of the project.
Navigating approvals, compliance and commercial structuring with a complete understanding of how the system operates in Nigeria.
Experienced staff and specialist consultants mobilised to the ground, the people who turn a development plan into production.
The journey we manage
One accountable partner across the whole arc. Here is the path we take a marginal field through.
Identify, evaluate and facilitate the acquisition of the field, commercial structuring, due diligence and a clean entry.
Re-interpret the reservoir, define the resource and build the case for development with confidence.
Engineer the facilities, well program and contracting strategy, the blueprint that gets to first oil.
Drilling, completions, wireline and coiled tubing, mobilising people and equipment to build the wells.
Commission, start up and bring the field online, the milestone everything is sequenced toward.
Optimise production and deliver crude to the market, sustaining and growing the asset's value.
Why Onterra
Marginal fields fail when one link in the chain is missing. Our advantage is that we hold the whole chain. We know how the system operates end to end, and we have the people and consultants on the ground to act on that knowledge.
Regulatory, commercial, subsurface and surface, we see how every piece connects.
Manpower and specialist consultants ready to mobilise, not just advise.
One partner responsible from purchase through to first oil and market delivery.
Wireline, coiled tubing, well services, contracts, coordinated under one roof.
We are raising US$20 million to take a licensed onshore block to first oil in nine months, cost recovery first, then 40% of the field for life. If you are a private investor, a family office or a fund that backs real assets, we would like to talk. We are available for meetings, calls and collaboration, wherever you are.
Partner with us
Nigeria's latest licensing round has produced winners who cannot fund their awards. We buy their blocks, pay the state, drill on carry and truck crude to market. The financier takes 90% of net cash flow until every dollar is back, then 40% of the field for life. Our founder's affiliate has already won two blocks in this round, PPL 900 and PPL 2A61, so we know the process from the inside.
One-well production schedule, PIA 2021 fiscal engine, cost recovery waterfall, drill-for-oil carry and price sensitivity, all live Excel formulas with editable inputs. Sent by personal email after a quick review.
The licensing-round situation, the trade in five moves, our track record in this round, the returns waterfall and the stress test. Sent by personal email after a quick review of your request, usually within one business day.
The situation, the screen, use of funds, the waterfall and the financier's returns across four price cases. Downloads immediately, ready for a first meeting or a quick board read.
Base case: US$70/bbl · one well · 3,000 bopd plateau · 10.1 MMbbl recovered · 25-year field life · 1.7-year payback · 5.0x cash multiple · 54% IRR · US$31M NPV at a 15% hurdle. The stress case still returns 2.2x. Indicative economics for discussion only, no specific licence acquired at this date.
Insights & news
Perspectives on marginal fields, Nigerian upstream and the road to first oil.
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