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Production commences at Oyo oil well

18 June 2015, 21:27

Lagos - Erin Energy Corporation, the independent oil and gas exploration and production firm, has announced the commencement of production from the Oyo-7 well offshore Nigeria

Oyo-7 was drilled to a total depth of approximately 2.4 kilometres and was successfully completed horizontally in the Pliocene formation.

The well is located approximately 300 meters of water and is producing into the Floating Production Storage and Offloading vessel, Armada Perdana.

Also read: Port Harcourt refinery stops production

Oyo-7 is expected to produce approximately 7 000 barrels of oil per day following optimization of choke size.

Segun Omidele, Senior Vice-President of Exploration and Production said the project was performing in-line with their expectations and we would be working over the next few days to optimize the flow rate.

“Bringing this well on production will double our current production rate out of the Oyo field and is a significant step in the continued growth of our company,” Omidele said.

Erin Energy is focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of nine licenses across 4 countries covering an area of 43 000 square kilometres (10 million acres), including current production and other exploration projects offshore Nigeria.

- CAJ News


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