In a JV owned 60% by NNPC, 20% by Agip and 20% by ConocoPhillips, Agip has been badly hit by the violence in the Delta and its output in the week to Aug. 8 was only 60,000 b/d, compared to a capacity of 200,000 b/d in a number of fields. It main export blend is Brass River. Agip, part of the ENI group of Italy, still intends to raise its capacity to 250,000 b/d by 2012 (see its background in gmt6NigrFieldsAug6-07). Agip's installations and Brass River terminal have been attacked frequently, compelling its parent ENI to declare force majeure several times in the past four six years.

Oando Plc, Nigeria's integrated energy solutions provider, in early paid $197m to Agip for 15% in OML125 and 134. The company's head of corporate communications, Niyi Olowola, on Jan. 12 said OML125 was producing about 20,000 b/d of crude oil from the Abo field, which it expected to reach 40,000 b/d later in 2009. OML134 is still in exploration phase, but has oil and an appraisal well has been drilled.

Oando got 30% in Total's Akepo field (see above). Its CEO Wale Tinubu says the firm's moves "will contribute to our strategic target of 100,000 b/d by 2012, as we continue to explore opportunities to build a robust portfolio of oil and gas properties".

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