ADM Energy, Eunisell collaborate for development of Barracuda Field

NIGERIA – ADM Energy, a natural resource investing company, has announced that it has entered into a non-binding collaboration agreement (CA) with Eunisell, a Nigerian owned oil and gas production solutions company, for the development of Barracuda Field in OML 141. Under the terms of the CA, subject to the completion of certain due diligence, ADM and Eunisell will explore collaboration opportunities to carry out development of Barracuda Field in OML 141 and associated work-related activity in Nigeria. It is the intention of both parties, together with the risk sharing…

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