OML11 Reactivation
Controlled strategic participation in the disciplined restart of one of Nigeria’s most historically significant producing assets. The OML11 Reactivation project is built around governance separation, phased execution, and stakeholder alignment designed for long-term continuity.
This is not frontier exploration. It is the orderly restart of a known producing asset under a defined framework that recognises OML11’s historical sensitivities and embeds host community, local council and national alignment (including NNPC) as part of the operating architecture.
1. Executive Positioning
OML11 is a historically prolific onshore Niger Delta block with established reservoirs and infrastructure corridors. The restart is structured to prioritise stability, stakeholder cohesion, and disciplined execution.
The project is designed for strategic partners who understand the operating context of OML11 and the importance of alignment with host communities, local council leadership and national oversight frameworks as a prerequisite for continuity.
- Disciplined restart sequencing that prioritises stability over speed.
- Governance separation to protect capital discipline and execution integrity.
- Stakeholder architecture embedded to reduce disruption risk and support long-term continuity.
- Milestone-linked deployment aligned to measurable deliverables.
2. What Makes This Work: Structure
The opportunity is compelling not only because of the asset — but because of how the restart is structured to protect continuity, execution discipline, and long-term value.
Capital allocation is controlled centrally. Operational execution follows approved budgets and deliverable gates. No open-ended exposure.
Phased reactivation prioritises early production, modular deployment, and stability before scaling.
Community obligations are ring-fenced and protected — treated as continuity infrastructure.
Capital allocation, operational execution, partner engagement, and community obligations are separated by design to prevent overspend, reduce disruption risk, and protect long-horizon value creation.
3. Asset Scale & Independent Context
OML11 is a major onshore Niger Delta asset with documented historic production scale and an established operating context. The framework is designed to account for real-world continuity requirements.
OML11 has demonstrated material historical scale with a documented historic peak production of approximately 234,010 bpd (1973).
- Known reservoirs and production history.
- Established infrastructure corridors.
- Continuity-first restart framework informed by operating realities.
Note: Metrics are presented as context and historical reference; current performance is driven by disciplined execution and verified deliverables under the phased plan.
The framework embeds alignment across host community structures, local council leadership, NNPC participation, and national oversight — supporting continuity and reducing friction-related disruption risk.
- Social licence and stakeholder cohesion treated as operating prerequisites.
- Defined roles to prevent ambiguity and execution drift.
- Milestone-funded restart limits capital at risk and improves visibility.
4. Milestone Execution Plan (Tranches)
Capital deployment is deliverable-linked. Milestones establish early production, stabilise operating rhythm, and protect uptime through resilience buffers.
Tranche 1 — $10m
- Licences / approvals
- Mobilisation & readiness
- Community LTO framework
- Governance readiness
Tranche 2 — $25m
- Early well reactivations
- Facilities / tie-ins readiness
- Verified lifting / export evidence
- Operational baseline established
Tranche 3 — $25m
- Expanded well programme
- Stabilised operating rhythm
- Throughput improvements
- Cashflow visibility improves
Tranche 4 — $40m
- Additional facilities & civils
- Pipelines / tie-ins as required
- Security & continuity measures
- Working capital / resilience buffer
Four-tranche structure totals $100m (10 + 25 + 25 + 40), deployed against defined deliverables and verification gates.
Illustrative scale context: at ~10,000 bpd (milestone scale), ~300,000 bbl/month; at $85/bbl ≈ $25.5m/month before opex, downtime, losses and fiscal terms. Provided for scale context only, not a guarantee.
5. Capital Discipline & Continuity Philosophy
Built on capital protection first, production stability second, and scalable long-term value third — supported by governance separation and stakeholder cohesion.
Deliverable-linked releases and controlled spend authority help protect capital and improve visibility.
Early production and modular facilities establish a stable rhythm before expansion.
Continuity safeguards and reinvestment logic are designed to support sustained output and asset longevity.
Community engagement is treated as infrastructure — not cost. Stakeholder alignment is embedded to mitigate disruption risk and protect long-term continuity. Strategic partners are engaged with clear governance, defined interfaces, and disciplined execution gates.
6. Governance & Leadership
Leadership is structured to ensure oversight, execution discipline, and stakeholder coordination. Capital authority and execution authority are separated by design.
Chairman Robert Amamize
Provides board-level oversight, governance stewardship, and strategic direction for long-horizon continuity.
Peter Bird
Aligns capital strategy and operational execution; represents the platform across national counterparties and stakeholders.
King Alfred Diete-Spiff
Supports continuity, legitimacy, and high-level stakeholder alignment critical to long-term asset stability.
Stan Lee Feliciano Odle
Controls capital deployment decisions, structure governance, and approval authority within the defined framework.
Prince Albert Diete-Spiff
Leads community and sovereign engagement to secure social licence to operate and prevent friction-related disruption.
Josephine Oge Onwuocha
Develops and manages the strategic partner pipeline; coordinates qualified engagement into CIO-led structuring.