Tuesday, June 29, 2010

Nigeria: Afren Discovers Oil in OML 67


Rasheed Komolafe

Lagos — Afren's Ebok Deep exploration well, offshore Nigeria on OML 67, has encountered oil shows in good quality sands according to the company.

The well, the company said was drilled to a total depth of 11,375 ft and results of drilling and wireline logs have shown that the well intersected two sandstone intervals of 370 ft combined gross thickness in the targeted Biafra and Isongo formations.

Afren said that the oil shows provided good indications of oil migration pointing to potential for oil trapped, up-dip from the current well location. The well has demonstrated a working hydrocarbon system in the deeper Biafra and Isongo formations, and excellent quality reservoir sands are present. The well has been temporarily abandoned and will be available to use for further drilling in the area.

Afren plans to follow up the results with further detail technical work, which will be incorporated into the sub-surface model to assist in future exploration of the significant potential that exists in the deeper horizons at Ebok, Okwok, and OML 115, which are contiguous with each other.
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Afren has a comprehensive drilling program planned for the remainder of 2010 that will target a combination of development, infill, appraisal and high impact exploration targets. The next appraisal and high impact exploration wells to be drilled will be at Okwok and OML 115 respectively, which will be drilled in H2 2010.

Osman Shahenshah, Chief Executive of Afren, stated: "The Ebok deep exploration well was the first to target the deeper Isongo and Biafra formations in the Ebok/Okwok/OML 115 area.

We are pleased that the well results demonstrate a working hydrocarbon system and good quality sands at these depths with encouraging signs that significant potential for trapped oil exist up-dip in OML 115."

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