Farm-Out Opportunity — OPL 289, Offshore Niger Delta
Operate, develop, and unlock a proven shallow-water PSC with near-term path to first oil.
Clean Waters Consortium is an indigenous Nigerian oil and gas company with a 90% ownership interest and operator status in OPL 289, a shallow water offshore block in the western Niger Delta. The remaining 10% ownership is held by Seven Waves as a Local Content Vehicle (LCV).
Clean Waters Consortium seeks a qualified E&P or oilfield services company to enter a Farm-Out Agreement and lead development to first oil.
Asset at a Glance
1P: ~46 MMbbl oil; ~1.6 TCF gas.
2P: ~141 MMbbl oil; ~1.6 TCF gas.
Technical & Geological Highlights
Proven Resources and Data
Hydrocarbon System: Geological and Geophysical (G&G) studies confirm the presence of a proven hydrocarbon system.
Estimated Recoverable Reserves:
Oil: 46 – 141 million barrels (1P)
Gas: 1.6 trillion cubic feet (TCF)
Seismic Data:
Full 3D seismic coverage acquired in 1996 by Western Geophysical
Additional 2D seismic data acquired by Texaco
Data Access: Project data hosted on a secure workstation in Lagos, Nigeria – available for review upon request.
Subsurface & Data Coverage
Legacy and Strategic Reacquisition
Formerly known as OML 87, the block was operated by Texaco and later Chevron until 2004.
The license was revoked due to prolonged inactivity and re-designated as OPL 289.
Clean Waters Consortium was awarded the block in Nigeria’s 2006 mini-licensing round.
CWC is offering a Farm-Out under which the New Investor will be assigned operatorship and a [45%] working interest, and will finance development through to first oil under a carry with production-based repayment. A USD 2.5 MM additional signature bonus is required to reactivate and extend the license by five years. A Performance Bond (covering a portion or all of the minimum work program) will be required by the regulator for approval.
Key Highlights
Why Partner with Us
PUBLIC DISCLAIMER
Issued by: Cleanwaters Consortium Limited
Date: February 11, 2026
PUBLIC NOTICE AND FORMAL DISCLAIMER REGARDING FALSE AND UNAUTHORISED CLAIMS BY OS PETRO
Cleanwaters Consortium, the authorized license holder of interests in Oil Prospecting Licence (OPL) 289 in Nigeria, hereby issues this public disclaimer to categorically deny and refute any and all claims suggesting the existence of a joint venture, partnership, technical collaboration, or any form of association with OS Petro (accessible via www.ospetro.com) in relation to OPL 289 or any other asset.
The public, stakeholders, investors, regulatory authorities (including the Nigerian Upstream Petroleum Regulatory Commission – NUPRC and the NNPCL), and the Federal Government of Nigeria are hereby notified that a recent review of the OS Petro website www.ospetro.com has revealed false and misleading statements, including but not limited to:
Cleanwaters Consortium Limited declares unequivocally that:
These unauthorised and inaccurate publications are prejudicial to Cleanwaters Consortium’s reputation, its legitimate ongoing partnerships, and its regulatory compliance. They risk creating confusion in the market and undermining stakeholders’ confidence in a strategically important national asset.
Cleanwaters Consortium Limited ís demanding the immediate removal of all such false content from the OS Petro website and associated materials, along with a public retraction. Failure to comply will compel the company to pursue all available legal, regulatory, and remedial actions, including referral to relevant authorities for investigation with respect to false misrepresentation and related offences.
Stakeholders are advised to disregard any information suggesting a link between Cleanwaters Consortium and OS Petro, and to rely solely on official communications from Cleanwaters Consortium.
This public disclaimer is issued in the interest of transparency and to protect all parties concerned.
Signed:
Chief Patrick Sule Ugboma
Managing Director/CEO
Cleanwaters Consortium
