In collaboration with Petrolog Oil & Gas, a premier Nigerian upstream technical services firm with more than four decades of global operational experience, Multi Oil and Gas has secured a transformative strategic alliance that strengthens its technical, operational, and financial capacity—particularly in relation to its equity participation in OML 147, one of Nigeria’s producing oil blocks of national importance. This partnership demonstrates both companies’ shared commitment to advancing Nigeria’s upstream sector through world-class technical support, structured financing, and project execution expertise.

Through this collaboration, Petrolog serves as a key technical and financial partner, enabling Multi Oil and Gas to leverage Petrolog’s extensive track record in field development, project delivery, and asset support.

This strategic partnership positions Multi Oil and Gas for sustained growth, improved financial agility, and stronger technical capacity across upstream production operations.

Through this collaboration, Petrolog serves as a critical technical and financial backbone, enabling Multi Oil and Gas to fully leverage Petrolog’s four decades of proven competence in field development, project execution, asset integrity, and upstream operational support. This partnership provides Multi Oil and Gas with direct access to Petrolog’s multidisciplinary engineering teams, advanced operational systems, and globally benchmarked project-delivery standards—significantly enhancing the company’s ability to plan, develop, and manage complex upstream assets with precision and technical assurance.

In addition, the partnership unlocks robust financial pathways through Petrolog’s international banking relationships, including U.S.-backed funding structures facilitated by institutions such as Regions Bank, EXIM Bank, and the U.S. DFC. These financing channels provide Multi Oil and Gas with greater flexibility in meeting capital expenditures, operational obligations, and long-term investment commitments associated with upstream production.

As a result, this strategic alliance positions Multi Oil and Gas for sustained growth and long-term competitiveness by strengthening its financial agility, deepening its technical capacity, and enhancing its operational readiness across all upstream activities. It equips the company to accelerate field development timelines, improve production efficiency, meet regulatory expectations with confidence, and deliver consistent value creation throughout the lifecycle of its upstream assets.

The partnership between Multi Oil and Gas and Petrolog Oil & Gas represents a powerful alignment of technical capability, financial strength, and upstream operational competence. By leveraging Petrolog’s decades of experience and international financing channels, Multi Oil and Gas is strategically positioned to meet its obligations, strengthen production capacity, and drive sustainable growth within Nigeria’s upstream sector.

This collaboration not only enhances Multi Oil and Gas’s performance in OML 147 but also reinforces its long-term commitment to Nigeria’s energy security and industry development.