Afren a leading independent oil and gas
exploration and development company has
announced a new oil discovery at its Okoro East
Exploration Well, located in the South Eastern
part of Nigeria.
Below is the full media statement as released by
the company:
London, 17 January 2012 – Afren plc (“Afren” or
the “Company”) announces that the Okoro East
exploration well, offshore south east Nigeria, has
made a new oil discovery having encountered
549 ft true vertical thickness (TVT) of net oil pay
and 41 ft of net gas pay in excellent quality
reservoir sands. The well result represents a
successful start to Afren’s 2012 exploration
campaign that will see the Company participate
in multiple wells across each of its core areas.
The Okoro East exploration well was spudded on
18 December 2011 and reached a total
measured depth of 8,751 ft (8,016 ft true
vertical depth), with the Transocean Adriatic lX
jack-up drilling rig. The well has successfully
encountered oil in the Tertiary reservoir sands
equivalent to those that have been developed
and are in production at the Okoro main field, in
addition to the deeper previously unexplored
reservoirs. The discovery of significant pay in the
previously unexplored deeper zones opens up
further prospectivity at similar levels on the main
Okoro field and elsewhere on the block.
The objective of Afren and its partner Amni
International Petroleum Development Company
Ltd. (“Amni”) was to explore a separate
previously un-drilled structure located
approximately 2 km east of the Okoro main field.
Okoro East is in a similar structural setting with a
fault sealed 3-way dip closure in Tertiary reservoir
sands at equivalent intervals to the main Okoro
Field. In addition, the Okoro East exploration well
was targeting a deeper horst block structure, a
play concept that had not been previously
explored on the block. The prospect was mapped
on good quality 3D seismic data.
Logging operations have been completed and
the well is now being prepared for testing, after
which Afren and its partner Amni will determine
the optimal development of the discovery.
Osman Shahenshah, Chief Executive of
Afren, commented:
“We are delighted to have made a new oil
discovery offshore south east Nigeria in Afren’s
core producing area. The proximity of Okoro East
to the existing producing Okoro field means that
we are well positioned to efficiently monetise this
discovery, both in terms of our detailed
understanding of the subsurface and proximity
to existing infrastructure. The well also opens up
additional prospectivity on the block and is a
very successful start to our 2012 exploration
campaign. With the JS-2 exploration well
currently drilling ahead in the Kurdistan region of
Iraq, we look forward next to spudding the
Nunya-1x (Cuda-2) exploration well offshore
Ghana later this month.

And my question now is, where is okoro east and which state is this in?

Afren Plc operates in Akwa Ibom state and the said Okor-East is in Akwa Ibom.

Good news for the politicians and oil workers.

jodeci:


Afren Plc operates in Akwa Ibom state and the said Okor-East is in Akwa Ibom.

Why did you exclude the last 'o'. It says Okoro- East.

Olodostein:

Why did you exclude the last 'o'. It says Okoro- East.

of course that was an error.

Guess who owns Afren?

Rilwanu Lukman, former minister of petroleum

hmmmmmmmmmmm.una no dey tire? na de same people.

eunisam:

hmmmmmmmmmmm.una no dey tire? na de same people.