Houston-based Africa focused Erin Energy Corp. began production from the Oyo-8 well offshore Nigeria.
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Oyo-8 flare. Image from Erin Energy. |
Oyo-8 is located in OML 120 in 1000ft of water. The development well was drilled in 3Q 2014 to about 6100ft and was successfully completed horizontally in the Pliocene formation. The well is expected to produce approximately 7000 b/d of oil following cleanup and optimization of choke size, Erin Energy said.
The well is producing into the floating production storage and offloading (FPSO) vessel, Armada Perdana.
“We are quite pleased with the initial well performance and will be working over the next few days to optimize the flow rate,” Segun Omidele, E&P senior vice-president said.
Erin Energy is the operator of the Oyo field and has a 100% interest in the block.
Formerly Camac Energy, Erin Energy changed its name just last month following a reverse stock split. Each six shares of common stock were converted into one share of common stock.
In January, Northern Offshore International Drilling Co. filed a US$50 million claim against Camac Energy for canceling the Energy Searcher drilling contract earlier that month on 7 January, which was working on plugging and abandonment operations on Oyo-5 and Oyo-6 wells.
Camac elected to terminate the contract “with immediate effect for Northern’s repudiatory breach of contract and other material breaches of the drilling contract by Northern. These breaches have caused significant damages and loss, including delay damages and wasted spread costs to the company (Camac). Camac is considering all legal options to enforce its rights under the contract,” the company said in a statement.
The Sedco Express took over the Oyo field, to expedite timing of production tie-in from the Oyo-7 and Oyo-8 wells.
Read more:
CAMAC changes name to Erin Energy
Rig cancelation could cost Camac US$50 million
Sedco Express arrives at Oyo field
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