Exploration & Production of Oil & Natural Gas
Infinity Natural Resources FZC is a young E&P Company focused on monetizing discovered and stranded oil and gas resources by implementing new technologies, operational efficiency and faster execution with highest standard of safety and sustainability. Operating philosophy of Infinity Natural Resources FZC is to acquire, develop and exploit green and brown fields available for private players in Russia and Russian Federation region. Accordingly, Infinity Natural Resources FZC has already acquired through its US based subsidiary a 49% interests in an operating company based in USA for HUB field located in Mississippi. The process to acquire two oil & gas fields located in the realm of Middle Caspian basin petroleum province in Dagestan of Russian Federation is in advance stage.
Operating Philosophy
We are focused to develop and exploit discovered, mid life & late life oil & gas fields.
3 strategic pillars based on which we strive to build our operating philosophy are:
- Acquisition of O&G Assets through Auctions / Bidding/ Direct Acquisition.
- M&A of mid or small E&P Companies.
- Production enhancement opportunities through usage of latest technologies.
Asset Overview
Infinity Natural Resources FZC, Sharjah, UAE has identified various discovered oil and gas fields in USA and Russian Federation. Infinity is also evaluating opportunity in Egypt and India for acquiring discovered oil and gas fields.
USA : Infinity Natural Resources FZC through its US based subsidiary ( Infinity Oil & Gas Corporation) has acquired 49% stake in the operating company owning the Hub Field located in Marion County, Mississippi, USA. Hub field spread over approximately 6000 acres lease area have 75 existing oil & gas wells besides two water injection wells.
Russian Federation : Infinity Natural Resources FZC through its subsidiary incorporated in Russia is in process of acquiring 51% stake in two oil & gas fields namely Gasha and Selli located within the realm of Middle Caspian Basin Petroleum Province in Dagestan, Russian Federation. The license agreement allows both exploration and production of oil & gas simultaneously. Gasha and Selli fields were discovered during early 1950 and cumulatively produced 4.5 million barrels of oil during the years 1958 to 1975 from 32 wells drilled in both the fields. The total in-place for the two fields is estimated to be in excess of a billion barrels of oil. In addition, Selli field has associated gas.
Dagestan crude oil is of excellent quality and benchmarked as Urals type light oil and of high demand within Dagestan and neighboring countries. Unique geographic location of Dagestan provides opportunity to transport produced crude oil out of the countries through inter-continental pipeline such as Baku-Novorossiysk line with five (5) MMT capacity through Makhachkala Port. Crude Oil can be transported by road to nearby terminals and mini refineries. Larger quantity of Crude Oil generally transported through trains with large container. In longer term BTC (Baku-Tilbsi-Ceyhan) pipeline can be used as one of the transport medium for transporting crude oil produced in Dagestan. Equally, there is a high demand of domestically produced gas for industrial consumers such as fertiliser and local power plant. Large volume of gas can be transported from Dagestan to Azerbaijan by the newly built gas pipelines. Light and sweet crude of Dagestan can also be swapped to other Caspian countries through its Makhachkala Oil Terminal.
Infinity Natural Resources FZC are also in the process of acquiring stake in Six exploration licenses located in Republic of Komi ,Russia. Fields/Licenses are located in the Timan-Pechora region of Northeast Russia. All six licenses are for 25 years combined (exploration and production) period which expires in year 2046. Negotiation with the operator; Russian Oil Company is in advanced stage
Dagestan Petroleum Provinces areas are essentially located in the Middle Caspian Basin and characterized as Terrek –Caspian petroleum provinces. The Middle Caspian basin occupies a large area between the Great Caucasus fold belt and the southern edge of the Precambrian Russian Craton. With 14.4 billion barrels of oil equivalent (BOE), the Middle Caspian is ranked 27th among the oil world providences (as USGS, 102 provinces).