Operations
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October 2024
OPL 241 Development Plans Advance
Oilworld Ltd announces progress on development strategy for the OPL 241 block with enhanced production forecasts.
Powering Nigeria's Energy Future
Into Africa
Strategic investment in Nigeria's offshore oil and gas sector. 2% equity stake in Oilworld Ltd, operator of the OPL 241 block in the Dahomey Basin.
About Into Africa
Into Africa Mining and Exploration Nigeria Plc is a strategic investor in Nigeria's oil and gas sector, holding a 2% equity stake in Oilworld Ltd, the majority stakeholder and operator of the OPL 241 offshore block located in the Dahomey Basin.
Our mission is to contribute to Nigeria's energy security and economic development through responsible, sustainable oil and gas exploration and production. We partner with experienced operators and stakeholders to unlock the potential of world-class hydrocarbon resources.
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Strategic Partnership
Aligned with Oilworld Ltd's vision for sustainable development
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Proven Expertise
Deep knowledge of Nigerian offshore operations
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Sustainable Growth
Committed to environmental responsibility and community development
OPL 241 Block Overview
A world-class offshore asset with significant hydrocarbon potential in Nigeria's prolific Dahomey Basin
Location
Dahomey Basin, Offshore Nigeria
Shallow offshore, 40-750 ft water depth
Block Size
1,182 sq km
OPL 241 concession area
Estimated Resources
370 MMbbl STOOIP
Plus 5 TCF of natural gas
Discoveries
2 Wells
Epiya and Baba-1 hydrocarbon discoveries
Technical Evaluation
- •3-D seismic studies completed and interpreted
- •Schlumberger and PGS evaluations conducted
- •Tie-back potential to Agip's ABO FPSO
- •Proximity to ExxonMobil's Erha Field infrastructure
- •Multiple development scenarios evaluated
Partnership Structure
Oilworld Ltd
70%Operator
Owena Energy Ltd
30%Partner
Into Africa: 2% equity stake in Oilworld Ltd
Sustainability & Community
Our commitment to responsible energy development and positive impact
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Environmental Stewardship
Committed to minimizing environmental impact through best practices in offshore operations and marine ecosystem protection.
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Community Development
Supporting host communities through employment opportunities, infrastructure development, and social investment programs.
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Operational Excellence
Maintaining highest standards of safety, health, and operational efficiency across all activities.
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Regulatory Compliance
Full adherence to Nigerian petroleum regulations and international best practices in governance and reporting.
Our Vision
To be a responsible energy partner that contributes meaningfully to Nigeria's economic development while maintaining the highest standards of environmental protection and community engagement. We believe sustainable energy development is essential for Africa's future prosperity.
News & Updates
Latest developments in our operations and industry insights
Corporate
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September 2024
Into Africa Strengthens Investment Position
Strategic review confirms Into Africa's commitment to long-term value creation in Nigerian offshore sector.
Sustainability
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August 2024
Sustainability Report Released
Comprehensive report detailing environmental and community initiatives across all operational areas.
Get In Touch
Contact us for investor relations, partnerships, or general inquiries
Address
Abuja, Nigeria
ame@intoame.ng
Phone
02093203005
Why Contact Us?
- →Investor Relations: Learn about investment opportunities and financial performance
- →Partnerships: Explore collaboration opportunities in the energy sector
- →Operations: Technical inquiries about OPL 241 and our activities
- →Community: Information about community development initiatives
- →Media: Press inquiries and corporate communications