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What is Overview of OPL295 Oil Block about?

The OPL295 block is located 150km south of Port Harcourt, Nigeria, covering 940 square kilometers with water depths of 200-500m. It has significant oil reserves estimated at over 2.5 billion barrels, potentially valued at over $125 billion, along with a large gas deposit exceeding 12 TSCF. The block is surrounded by prolific oil fields and is expected to produce light crude oil, which is highly sought after in global refineries.

Author

financialtechnologyllc

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EN