Yemisi Izuora
Erin Energy Corporation said it has commenced production from the Oyo-7 well which is located in OML 120 offshore Nigeria.
Erin Energy is the operator of the Oyo field and has a 100 percent interest in the block.
Oyo-7 was drilled to a total depth of approximately 8,000 feet (2,438 meters) and was successfully completed horizontally in the Pliocene formation.
The well is located in approximately 1,000 feet (300 meters) of water and is producing into the Floating Production Storage and Offloading vessel (FPSO), Armada Perdana.
Oyo-7 is expected to produce approximately 7,000 barrels of oil per day following optimization of choke size.
Commenting on the development, Segun Omidele, Senior Vice-President of Exploration and Production said, “We are pleased that the well is performing in-line with our expectations and we will be working over the next few days to optimize the flow rate.
He said that bringing the well on production will double the company’s current production rate out of the Oyo field and is a significant step in the continued growth of of the company.
The Oyo-7 successfully confirmed hydrocarbon in the Miocene formation, which was previously undrilled on the block.
This successful test has de-risked the Miocene in Erin Energy’s offshore Nigeria blocks and has provided valuable data for the Company’s planned Miocene exploration program.