Mega Billion Corporation Ltd


Crude Oil TanksMega Billion Corporation Limited is a leader in the of Nigerian Bonny Light Crude Oil (BLCO) sales market. As a privately held company, Mega Billion Corp. Nigeria Ltd is committed to and is focused on delivering reliable services to all her clients. Mega Billion Corporation Ltd is determined to continue to grow in the energy sector and to become one of the recognized leaders in the Nigerian oil and gas industry.

Simplifying Nigerian Bonny Light Crude Oil Buying, BLCO

Crude Oil Tanks Mega Billion Corporation Nigeria Limited has an excellent track record of reliability in the supply of Bonny light crude oil, BLCO. We protect our buyers with 2% Performance Bond while we also expect protection from our customers with bank instrument from the world's top banks. We deliver on TTO, TTT, CIF and FOB basis.

If you wish to purchase Bonny Light Crude Oil from a reliable seller, contact us and we commence the buyer friendly procedure to enable this.


Saturday 11 October 2014

Eni producing 25,000 bopd from offshore Alaska field

Eni has achieved the important production goal of 25,000 bopd at the Nikaitchuq field, in which the company is operator with a 100% interest. The field, located offshore the North Slope of Alaska in a water depth of 3 m, holds reserves estimated at 200 MMbbl of crude oil. Nikaitchuq production, which began in January 2011, is the first operated by Eni in the Arctic.


Development of Nikaitchuq includes the drilling of wells and the construction of facilities both on land and on an artificial island built by Eni in the Beaufort Sea. The location’s extreme climate and environmental constraints required the application of Eni’s proprietary technologies and expertise to drill multilaterals horizontal wells and to build one of the most advanced production facilities in the North Slope, with maximum environmental compatibility and high operating efficiency.


Nikaitchuq horizontal wells are the most complex wells drilled by the industry to date in Alaska, with a lateral displacement that extends up to 22,000 ft. The field treatment plant is able to handle 40,000 bpd of crude oil and up to 120,000 bpd of water. Nikaitchuq production is transported through the Trans-Alaska Pipeline to be sold on the market without the need for further treatment. Eni is now working toward achieving the new production target of 30,000 bopd in the next 12 months.


In the United States, Eni owns interests in 200 leases in the Gulf of Mexico and 530 leases in unconventional plays (shale gas and shale oil) onshore Texas. In addition, Eni owns interests in 100 leases in the North Slope of Alaska, which include Nikaitchuq and 30% of the Oooguruk oil field, which has been in production since 2008. Total Eni’s daily net production is approximately 100,000 boe (75% operated).


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