We are very excited to announce that the agreement between Havilah Hydrocarbon Recourses Management (Nig) Ltd., and Sproule International, which has been several months in the making, finally became a reality with two companies putting their pen to paper.
Under the agreement, announced 17 April, 2008 the two companies will work together to carry out subsurface studies for the Oill & gas companies Nigeria.
Havilah and Sproule International Limited entered into a JV agreement to meet the ever increasing demand for quality sub-surface studies in Nigeria. A key strength of the Joint Venture is that most of the founders of Havilah are seasoned professionals that have been involved with various sub-surface studies with several companies worldwide and are familiar with the Sub-surface studies process.
In addition, While Havilah will be responsible for co-ordination of the business in Nigeria, Sproule will provide technical assistance.Sproule is an internationally recognized company for reserves audits and reservoir studies. This expertise will be applied to all studies carried out to ensure that the reserve classifications are SEC compliant.
We see as a positive development in help in the realization of our vision “To be the best among peers and a dominant player in the global energy market, with immediate attention focused on Nigeria, and subsequently on the West African sub-region.”