Lekoil confirms oil discovery offshore Nigeria

offshore nigeria-jim sneddon flickrThe expected timetable for completion of further drilling with additional testing will take four to six weeks. (Ima source: Jim Sneddon/Flickr)Lekoil Nigeria Limited has announced that significant oil has been discovered offshore Nigeria

The Ogo-1 well located on Oil Prospecting Licence (OPL) 310 was drilled by Afren to a total depth of 3,206 metres and encountered a gross hydrocarbon section of 160 metres, with 66 metres of apparent stacked, net pay.

According to company sources, the well is expected to target deeper prospective oil to a total measure length of 3,596 metres. The expected timetable for completion of this further drilling together with additional testing is likely to take four to six weeks.

The discovery, testing a four-way dip-closed structure in the Turonian, Cenomanian and Albian sandstone reservoirs, confirms the extension of the same Cretaceous play that has yielded other significant discoveries along the West African Transform Margin, sources added.

“The discovery of oil in the Ogo-1 well opens up a new oil basin in an under-explored region and represents a possible extension of the Cretaceous play along the West African Transform Margin," Lekoil CEO, Lekan Akinyanmi, said. "The discovery is a clear validation of Lekoil’s technical analysis and of our extensive studies on the Dahomey Basin.”

Following the completion of drilling and testing operations at Ogo-1 well, the partners in OPL310 plan to drill a side-track well, Ogo-1 ST, which will test a stratigraphic pinch-out trap on the flanks of the basement high — a new potential play in the area.

Optimum Petroleum has a 60 per cent stake in the oil well, with Afren owning 22.86 per cent and Lekoil 17.14 per cent.



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