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As part of our vision to become a leading oil and gas exploration and production company in Africa, we continue to seek expansion opportunities in Nigeria and beyond.
Egbolom Field
Following a successful bid for the Egbolom field – Petroleum Prospecting Licence 202 (PPL 202, formerly OML23) during the 2020 marginal field bid round, the Federal Government of Nigeria granted SunTrust Atlantic Energies Limited ("SunTrust Atlantic") a 35.82% participating interest in PPL 202 (“Participating Interest”). PPL 202 is jointly held by SunTrust Atlantic, being the licensee with the largest participating interest, and four others.
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