Introducing Vogel Peak Energy, Inc.Vogel Peak Energy, Inc. ( VP Energy ) has been formed to assist oil companies in West Africa in achieving 100% resource utilization. Currently, there are numerous oil fields that have been abandoned in an under-produced state and the owners of these fields lack the required resources to meet full production. VP Energy is uniquely positioned for success by linking, through our existing relationships, the three primary stakeholders: Governments, Oil Companies and Investors. We further distinguish ourselves by the level of our in-house technical expertise and can give advice on any aspect of the business model, whether regulatory, technical or financial. With our strategic base in “the oil capital of the world”, Houston, Texas, USA, VP Energy is at the epicenter of an established network of investors and industry expertise that is readily available worldwide. |
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By the NumbersA rich investment opportunityThe West African coast onshore is a mature oil and gas producer. Only a few multinational oil and gas companies own many of the fields. Within their portfolios exist a number of non-profitable fields tagged as 'Marginal Fields.' The West African national governments have recognized that these Marginal Fields hold considerable reserves, which have been quoted as in excess of 1.3 Billion Barrels. At today's crude price of $50 per barrel, this equates to a market value of $65 Billion (US). Furthermore, these governments are now requiring the increased participation of indigenous oil companies and their personnel, and so VP Energy's relationships with these companies are of strategic importance. As an example, in Nigeria recently, 116 oil fields were deemed Marginal, with the first 24 being awarded to indigenous companies in 2003 and a further round of bidding planned for the near future. VP Energy will assist these indigenous oil companies in securing commercial and technical partners to develop their successfully awarded oil blocks. |
WHAT THE EXPERTS ARE SAYING"Statistics from the US Department of Energy showed African oil exports to the US will rise to 50 percent of total oil supply by 2015. Nigeria is the energy super power of Africa. The private sector, small and major operators, administration and officials have come to realize that Nigeria and the Gulf of Guinea are of strategic importance to the US." - Dr. Paul Michael Wihbey, Fellow of the American Institute for Advanced Strategic and Political Studies“Nigeria looks to benefit from US capital and technology in the quest to raise the country's oil reserves (and) to US companies entering into partnerships with Nigerian indigenous firms in developing the marginal fields in the country. Opportunities abound for would be investors as Nigeria is endowed with oil reserves waiting to be tapped if only funds could be garnered within a limited time frame." - Dr. Rilwanu Lukman, Nigerian Presidential Adviser on Petroleum and Energy and OPEC President Designate |
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