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NIGERIAN CRUDE OIL AND GAS.
Afren Commences Drilling at Okoro Field, OML 112, Offshore Nigeria
AMNI International Petroleum Development Company Limited and Afren plc
announce that drilling of the Okoro-3 appraisal well on OML 112, offshore
Nigeria, has commenced. An appraisal well was studded on 14 October 2006 by
the Seadrill 7 jack-up rig on the Okoro Field in OML 112. The well is being
drilled 1.5km east of the Okoro-1 discovery well, which penetrated two oil
bearing sands between 4,900 and 5,500 feet. Drilling is expected to take 30
to 45 days.
Following drilling of the Okoro-3 well, the Seadrill 7 jack-up rig will be
used to drill a further appraisal well in the Okoro Setu development area.
The results of these wells will be used to plan the development of the Okoro
Setu fields which is expected to commence in the third quarter of 2007. A
drilling rig has been secured to start the development drilling in August
2007, with first oil expected in early 2008 with flow rates of between
15,000 to 20,000 bopd.
Brian O'Cathain, Chief Executive of Afren commented: "We are delighted to
have studded our first well in Nigerian waters. This marks a significant step
towards achieving our stated target of production of 15,000 to 20,000 bopd
by early 2008."
