Optimum Petroleum
Development Limited and its partner Afren Nigeria have announced that the high
impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has
discovered a significant light oil accumulation, based on the results of
drilling and wireline logs.
The Ogo-1 well was
drilled by Optimum Petroleum Development Ltd and its partners Afren and Lekoil
Limited to a total measured depth of 10,518 ft (10,402 ft true vertical depth
subsea), and has encountered a significant gross hydrocarbon column.
Further evaluation
using wireline log analysis is currently underway prior to extending the well
to a total measured depth of 11,800 ft (11,684 ft true vertical depth subsea)
to target further high potential zones.
Egbert Imomoh,
Chairman of Afren, said “The discovery of oil in the Ogo-1 well opens up a new
oil basin in an under-explored region and represents a possible extension of
the West African Transform Margin.
Based on evidence
to date, targeted resources are likely to be significantly in excess of
previous estimates, with some high-potential zones still to be drilled.
We look forward to
working with our Partners to realise the full potential of Ogo and our
additional prospects on the license.
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