New oil site found in Nigeria offshore

Lagos – Optimum Petroleum Development Limited and its partner Afren Nigeria have announced that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of drilling and wireline logs.

The Ogo-1 well was drilled by Optimum Petroleum Development Ltd and its partners Afren and Lekoil Limited to a total measured depth of 10,518 ft (10,402 ft true vertical depth subsea), and has encountered a significant gross hydrocarbon column. Further evaluation using wireline log analysis is currently underway prior to extending the well to a total measured depth of 11,800 ft (11,684 ft true vertical depth subsea) to target further high potential zones.  .

Egbert Imomoh, Chairman of Afren, said “The discovery of oil in the Ogo-1 well opens up a new oil basin in an under-explored region and represents a possible extension of the West African Transform Margin. Based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates, with some high-potential zones still to be drilled.  We look forward to working with our Partners to realise the full potential of Ogo and our additional prospects on the license.

The Ogo-1 exploration success follows a series of recent discoveries, Okoro Field Extension, Ebok North Fault Block and Okwok in Nigeria and Simrit-2 and Simrit-3 on the Ain Sifni Block in the Kurdistan region of Iraq.”

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