Akepo Production on Target for a Late Summer Start



The consortium on the Akepo field is expecting production to commence by the end of the summer. As previously disclosed, the Akepo-1 ST discovery well was tested and completed. Once online, the well is expected to produce between 2,500 and 3,000 gross bopd. The Akepo field is located in the shallow waters of the southeastern area of Nigeria in OML 90. Sogenal serves as the operator, holding a 30% interest; Exile holds 40%; and Oanda holds the remaining 30% interest.

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