Erin Energy Announces Production Start-Up at Oyo-7 Well Offshore Nigeria

Erin Energy announced Thursday that production has commenced from its Oyo-7 well, located in OML 120 offshore Nigeria.

The well was drilled to a total depth of approximately 8,000 feet and Erin expects Oyo-7 to produce around 7,000 barrels of oil per day, following optimization of choke size. Oyo-7 targeted the Pliocene formation, from which it is now producing, and successfully confirmed hydrocarbon in the well’s Miocene formation, which was previously undrilled on the block.

Segun Omidele, Senior Vice-President of Exploration and Production for Erin Energy, commented in a company statement:

"We are pleased that the well is performing in-line with our expectations and we will 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."

Erin Energy is the operator of the Oyo field and has a 100% interest in the block. The company has a planned Miocene exploration program beginning in 4Q 2015, which is targeting recoverable P50 resources of nearly 3 billion barrels of oil equivalent.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Instructor - E&P Operations
Expertise: Production Operator
Location: Greeley, CO
 
United States New Iberia: Operator Assistant II - Logging and Perf
Expertise: Perforation|Production Operator
Location: New Iberia, LA
 
Deepwater I&E Tech
Expertise: Electrician|Instrumentation Technician|Production Operator
Location: Boothville-Venice, LA
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours