Nigerian independent poised to expand

ADM Energy has a pipeline of possible deals, says CEO Osa Okhomina

Nigerian independent ADM Energy is looking at potential acquisitions and has “two potential transactions underway”, CEO Osa Okhomina tells Petroleum Economist, adding that the company wants to conclude “one or two deals per year”. ADM is keen on “appraisal plays”, he continues, explaining that buying 2C reserves at a low price is a “better bang for our buck” than investing in mature fields. The company has “lots of experience operating offshore”, Okhomina continues, but would also consider the right assets in shallow waters and swamps. “The PIA is a good thing and has already improved the economics of our projects” Okhomina, ADM The independent wants to diversify political risk and s