Platform Petroleum Limited is the Operator of Egbaoma field OML 38 located in Ndokwa West Local Government Area of Delta-State. It is one of the twenty-four (24) marginal fields farmed out to indigenous oil companies during the 2004 Marginal field bid round. The Asset is held in Joint Venture (JV) ownership with NewCross Petroleum Limited in a 60/40 share ratio.
As Operator, Platform manages day-to-day operations and initiates and executes growth targets by optimizing production and sustenance for the field by exploration, appraisal, and development of upsides to the Egbaoma Discovery.
The Egbaoma (formerly Umutu /Asuokpu) structure is situated in northern Niger Delta with four (4) Host Communities. The Egbaoma field farm-out area covering approximately 136 square kilometres is situated in OML 38, onshore in Delta State. OML 38 is located in the Northern section of the Niger Delta sedimentary basin. Platform Petroleum won the field in the 2003/2004 marginal field bid rounds and commenced field development activities in 2005 with workover and completion of 2 Wells with 3 completions in three of the eight reservoirs in the major structure cutting across the field in Joint Venture Partnership with Newcross Petroleum. A 10,000-bopd and 30mmscfd capacity flowstation 10,000 bbls storage tank, 32 Km 6-inches export line from the Flowstation to the Group Gathering Facility (GGF) and 16Km export line from the GGF to NAOC Kwale tie-in point to the Brass Terminal was completed and commissioned in the fourth quarter of 2007 to achieve first Oil.