• Wednesday, April 24, 2024
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BusinessDay

Eni makes big natural gas find onshore Niger Delta

US Justice Department closes investigations on Eni’s Nigerian, Algerian cases

Italian oil major, Eni says it has made new hydrocarbon deposits find onshore Niger Delta and plans to strategically sync it with its other operations.

The company says the new find amounts to about 1 trillion cubic feet of gas and 60 million barrels of associated condensate.

The Obiafu-41 deep well, located on Nigeria’s Oil Mining Lease (OML) 61 block reached a total depth of 4, 374 metres and hit more than 130 metres of high quality hydrocarbon-bearing sands. This occurred in the deeper sequences of the Obiafu-Obrikom fields, onshore Niger Delta.

“The find amounts to about 1 trillion cubic feet of gas and 60 million barrels of associated condensate in the deep drilled sequences,” Eni said.

“The discovery has more potential that will be assessed with the next appraisal campaign,” the international oil company said.

People familiar with the operations say the well can deliver in excess of 100 million standard cubic feet per day of gas and 3000 barrels per day of associated condensates, and will be immediately put on-stream to increase gas production at the Nigerian Agip Oil Company (NAOC), Eni’s affiliate in Nigeria.

The discovery is part of a drilling campaign planned by NAOC and aimed at exploring near-field and deep pool opportunities as immediate time to market opportunities.

NAOC is operated by Eni with a 20 percent interest, together with Nigerian National Petroleum Corporation (60 percent) and Nigerian independent (20 percent).