Flagship 1 · Energy
MSM Oil and Gas Nigeria Limited is an independent exploration and production company. Its lead asset is OML 98, onshore, with OML 86 and OML 88 offshore in the portfolio.
MSM reports that within six months of its involvement, re-interpreting subsurface data that had already been acquired, rather than shooting new seismic, identified an additional 126 million barrels. That lifted the asset from 118 million to 244 million barrels.
OML 98 reserves
Management estimate announced August 2025. Not independently certified.
What the team does
- The cash flow behind the strategy. Dollar-denominated upstream revenue funds a US$600m industrial build and minerals exploration, without currency mismatch.
- A method that transfers. No new seismic was shot on OML 98. The same subsurface re-interpretation applies to mineral deposits last surveyed decades ago.
- Field development planning for onshore and offshore blocks.
- Well engineering and drilling, led by engineers with decades at ExxonMobil and NNPC.
- Operations and maintenance, from wellhead operations to pipeline integrity.
- Environmental and safety management built into every project.