Canadian Overseas Petroleum Limited is an international oil and gas exploration, development, and production company actively pursuing opportunities in the United States and in sub-Saharan Africa though its ShoreCan joint venture company in Nigeria, and independently in other countries.
The company's Wyoming operations are one of the most environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighbouring wind farm to power production facilities.
This party is offering financing alongside services for the OPL226 development project and is reported to have strong familiarity with the region.
“Conventional light oil discoveries of this magnitude have been rare in continental North America for years," analyst Sam Wahab said.