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Friday, June 19, 2015
Erin Energy saw production commence from its Oyo-7 well, located in OML 120 offshore Nigeria. The well was drilled to a total depth of approximately 8,000 ft. The company said that it expects the well to produce at a rate of 7,000 bpd 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 Q4 2015, which is targeting recoverable P50 resources of nearly 3 billion boe.
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