Oando Energy Resources Inc. (OER), a company focused on oil exploration and production in Nigeria, in its update on its operational activities relating to its Abo (OML 125), Ebendo (OML 56) and Akepo (OML 90) assets, said it plans to initiate its next Ebendo drilling campaign in the second quarter of 2013.
The company in a statement said production from the Abo asset remained at an average of 20,467 barrel of oil per day (bopd) (gross) with 3,070 bopd net to OER.
It noted that production from the Ebendo field averaged 3,600 bopd (1,540 bopd net to OER) between January 1 and February 13, 2013. On February 13, 2013, production from the Ebendo field was shut in as a result of required repairs and maintenance on the 10 inch Kwale-Akri oil delivery pipeline that is operated by Nigerian Agip Oil Company Limited (NAOC). The pipeline connects OER’s Ebendo field (OML 56) to the Brass export terminal.
On March 21, 2013, NAOC officially communicated Force Majeure to OER with regards the 10” Kwale-Akri oil delivery line as a result of a pipeline leakage that had forced the Operator to significantly reduce transportation of crude oil in the pipeline in order to carry out repairs, thus hindering crude oil liftings at the Brass terminal.
According to OER, NAOC is working towards returning the pipeline to normal operations in the shortest possible time and will keep OER informed of its repairs progress.
OER said it would advise the market once full integrity of the pipeline is communicated by NAOC and when production from the Ebendo field (OML 56) is expected to resume.
Operationally, the drilling campaign that commenced last year and was targeted at two producer wells (EB-4 and EB-5) continues to progress, it said.
FEMI ASU
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