Thursday, 27 June 2013

New oil site found in Nigeria offshore

Shell_Oil_Nigeria1


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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