Our Assets
Investment Strategy
Investment Strategy in Nigeria
Vein Petroleum (VP) is actively participating in the bidding, acquisition and development of marginal fields / block in Nigeria. The strategy to participate in the Marginal Field Bid Round is informed by the decision to eliminate Exploration risks and achieve return on capital investment within 2 years from acquisition of asset(s). To strengthen this minimum exposure strategy, VP has signed joint venture partnership with other like-minded investors. VP will also pursue farm-in opportunities in existing marginal assets held by Nigerian Indigenous companies and acreage management opportunities offered by the IOCs. VP will also seek participation in other plays in the Gulf of Guinea as part of its broader growth strategy.
Field Development Strategy
VP’s critical success factor is its ability to leverage the Niger Delta experience of her shareholders to develop a fit for purpose field development plan that can enable VP to achieve its short to medium term aspirations.
Investment Strategy in United States (USA)
Vein Petroleum Inc (The US sister company of Vein Petroleum Nigeria Limited) is also developing oil and gas business opportunities in The United States.
Initial investments in conventional Producing/near producing assets onshore United States began in Non-Operated Venture (NOV) equity participation in 2021. VP USA acquired a thirty-eight percent (38%) equity in Lester Unit #1 & #2 wells with production in the Austin Chalk Formation With Baron Energy as Operator.
Onshore
Investment Strategy
Vein Petroleum (VP) will participate in the bidding, acquisition and development of marginal fields / block in Nigeria this will be done either independently or in joint venture partnership with investors. VP will also pursue farm-in opportunities in existing marginal assets held by Nigerian Indigenous companies and acreage management opportunities offered by the IOCs. VP will also seek participation in other plays in the Gulf of Guinea as part of its broader growth strategy.
Field Development Strategy
VP’s critical success factor is its ability to leverage the Niger Delta experience of her shareholders to develop a fit for purpose field development plan that can enable VP to achieve its short to medium term aspirations.
Swamp
Investment Strategy
Vein Petroleum (VP) will participate in the bidding, acquisition and development of marginal fields / block in Nigeria this will be done either independently or in joint venture partnership with investors. VP will also pursue farm-in opportunities in existing marginal assets held by Nigerian Indigenous companies and acreage management opportunities offered by the IOCs. VP will also seek participation in other plays in the Gulf of Guinea as part of its broader growth strategy.
Field Development Strategy
VP’s critical success factor is its ability to leverage the Niger Delta experience of her shareholders to develop a fit for purpose field development plan that can enable VP to achieve its short to medium term aspirations.
The vision of VP is to become one of the fastest growing Nigerian Oil and Gas Exploration and Production Company, and a major player in the Gulf of Guinea
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