Operations
At OBMFL, we operate at the intersection of technical excellence and commercial strategy, delivering value across Nigeria’s upstream oil and gas sector. Our core operations span Upstream Asset Investment & Management and Crude Oil Marketing & Trade Execution—each structured to optimize asset performance, uphold regulatory compliance, and generate long-term stakeholder value. From field evaluation to offtake logistics, OBMFL applies disciplined oversight, forges strategic partnerships, and drives executional rigor across the critical links connecting Nigeria’s upstream sector to crude oil markets.
OBMFL takes a structured, data-driven approach to upstream oil and gas asset development. We invest in early-stage and marginal field opportunities with measurable upside potential and focus on long-term value creation across the reservoir life cycle.
Asset Screening and Valuation
We assess assets using technical and commercial benchmarks aligned with Nigerian regulatory requirements, including certified reserves under NUPRC and SPE-PRMS standards. Our in-house team conducts reviews, with independent validation engaged when required for regulatory or investment purposes.
Transaction Structuring and Ownership Optimization
OBMFL participates in asset acquisitions, farm-in/farm-out arrangements, and Joint Venture (JV) partnerships. We typically operate through Special Purpose Vehicles (SPVs) that allow for transparent equity participation and regulatory compliance.
Field Development Oversight
As part of our asset stewardship role, we oversee Field Development Plans (FDPs) prepared by operators to ensure alignment with regulatory standards, investment objectives, and technical best practices. OBMFL contributes through oversight committees and provides technical input, ensuring that development plans adhere to approved work programs, budgets, timelines, and HSE requirements.
Regulatory Interface
OBMFL engages proactively with key regulatory bodies, especially the NUPRC, to support license compliance, transparent reporting, and alignment with the Petroleum Industry Act (PIA). Beyond fulfilling statutory obligations, we prioritize open communication and responsiveness. This relationship-driven approach strengthens our credibility and positions OBMFL as a trusted and responsible stakeholder in Nigeria’s upstream sector.
Responsible Asset Oversight: ESG, Communities, and Compliance
OBMFL provides oversight to ensure operators meet ESG, local content, and community obligations as part of responsible asset portfolio management. We focus on compliance and alignment with the PIA and other relevant frameworks, ensuring these commitments support long-term asset value and stakeholder confidence.
Crude Oil Marketing & Trade Execution
Our crude oil trading operations are designed to maximize returns from our upstream portfolio while ensuring regulatory integrity, logistical precision, and contractual performance. We manage trade execution from offtake to payment, bridging production and market demand.
Strategic Market Access & Buyer Engagement
We engage with pre-qualified buyers across the domestic and international value chain. We maintain flexible commercial structures including spot trades, term contracts, and swap arrangements where permitted.
Crude Offtake Management and Export Compliance
We develop and administer offtake agreements for equity crude, optimizing lifting schedules to capture pricing advantages and minimize demurrage. All lifting operations are compliant with NUPRC export permit guidelines and interface protocols with terminal operators.
Trade Settlement & Performance Tracking
We handle post-lifting reconciliation, invoicing, and payment follow-up in line with agreed terms. Each trade is reviewed against volumes, timelines, and pricing to ensure accuracy and improve deal performance across future liftings.
Pricing, Benchmarking & Risk Mitigation
We price our equity crude off Dated Brent, applying negotiated differentials based on quality, loading terminal, and market conditions. Lifting windows are aligned with forward pricing to capture upside. We manage commercial risk through laycan buffers, marine insurance, and flexible terms that protect value during volatile or delayed liftings.