Petroleum Africa
Find us on: 
Tuesday, November 19, 2013
CAMAC Energy reported that its Oyo-7 well offshore Nigeria on OML 120 has confirmed the presence of hydrocarbons in the Miocene formation. This marks the first time a well has been successfully drilled into the Miocene formation of the Oyo oil field. Hydrocarbons were encountered in three intervals totaling approximately 65 ft, as interpreted from the logging while drilling (LWD) data.
“The Oyo-7 well has successfully achieved its primary and secondary objectives, and will now be temporarily suspended. Drilling of the horizontal section and completion activities are expected to commence in Q1 2014. It is currently anticipated that Oyo-7 will begin production mid-2014 at an initial production rate of 7,000 bpd of oil.
“This result is very encouraging and will be integrated into ongoing studies to solidify further exploration plans in OML 120 and 121,” said Dr. Kase Lawal, chairman and CEO of CAMAC Energy. “The Miocene is the most prolific producing zone offshore Nigeria, and the presence of these hydrocarbons significantly de-risks the large Miocene prospects in our blocks.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
