Production commences at Oyo oil fields

ERIN Energy Corporation

ERIN Energy Corporation

from OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – ERIN Energy Corporation, the United States-based company, has announced the commencement of production from the Oyo-8 well located offshore Nigeria.

Segun Omidele, Senior Vice-President of Exploration and Production, said on Monday the company was pleased with the initial well performance and would be working over the next few days to optimize the flow rate.

“Bringing this well on production is a milestone achievement for our organization and was made possible through the hard work and dedication of our entire team and our service providers,” said Omidele.

Oyo-8, which was drilled in the third quarter of 2014 to a total depth of approximately 6 100 feet (1 850 meters), was successfully completed horizontally in the Pliocene formation.

Oyo-8 is located in approximately 1 000 feet (300 meters) of water and is producing into the Floating Production Storage and Offloading vessel, Armada Perdana.

The well is expected to produce approximately 7 000 barrels of oil per day following cleanup and optimization of choke size.

Erin Energy is the operator of the Oyo field and has a 100 percent interest in the block.

Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa.

Its asset portfolio consists of 9 licenses across 4 countries covering an area of 43 000 square kilometers, including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and Gambia.

– CAJ News










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Posted by on May 4 2015. Filed under Energy, Finance, Finance & Banking, Oil & Gas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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