Erin Energy Corp.’s Oyo-8 well located in OML 120 offshore Nigeria has exceeded expectations and is currently producing at a stabilized rate of 7080 b/d. Erin Energy is the operator and has a 100% interest in the well.
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Oyo-8 flare up. Image from Erin. |
Erin Energy is currently engaged in drilling and completion operations on the Oyo-7 development well and expects to achieve first oil production from the well in a few weeks.
Additionally, in preparation for the planned drilling of one of its Miocene exploration prospects later this year, the company has completed site survey of three of its top prospect drilling locations. Erin Energy announced last year that it had identified, and high-graded to drill-ready status, four Miocene exploration prospects. The four prospects have a combined 2.4 billion bbl of recoverable P50 prospective resources.
Erin Energy began production at Oyo-8 in early May with production expected to reach about 7000 b/d of oil following cleanup and optimization of choke size. The well is producing to the Armada Perdana FPSO.
We plan to continue this very cautious well management approach and expect to bring Oyo-7 on production in a similar manner. We are advancing both our development and exploration work offshore Nigeria and look forward to an exciting second half of 2015,” Segun Omidele, senior VP of E&P said.
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