Sinopec hits first oil in Niger Delta

SINOPEC HAS STRUCK oil in its first exploration well drilled in Nigeria's Block 137, previously owned by Canadian oil giant, Addax Petroleum.

According to Reuters, the Udele-3 well of Block 137, in the Niger Delta, was the first exploration well Sinopec drilled in Nigeria this year after its acquisition of Swiss oil and gas explorer Addax almost a year ago. The report quoted China Petrochemical News, Sinopec's in-house newspaper, as saying that the well intercepted an oil column of 45.9 ms and flowed 3365 barrels of oil and 28,300 cu m of gas per day during test. Last June, Sinopec set out to acquire Addax for $7.24 bn to gain access to oil assets in West Africa and Iraq.

 

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