UMIAT OIL FIELDS
Why Oil And Gas?
Acquiring global oil and gas assets builds on Linc Energy’s value-creating business strategy. The company has plans to acquire enough oil producing assets to meet 100,000 barrels of oil per day. With this oil and gas acquisition strategy and traditional oil production activities, Linc Energy will also apply Enhanced Oil Recovery (EOR) methods to sweep stranded oil from the reservoirs. This will allow Linc Energy to increase the amount of recoverable oil from a conventional oil field by 10 to 20 per cent to generate considerably higher cash flows for all of its energy projects.
