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LequteMan
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Nigeria - Nigeria's oil output has been increased as the Oyo oil well is set to commence production following completion of drilling in the site, CAMAC Energy Inc. says.
The Guardian reports:
Nigeria’s oil and gas production may soon receive a boost, courtesy CAMAC Energy Incorporation, following the completion of drilling operations on its Oyo-8 well in the offshore basin.
Oyo-8 was successfully drilled to a total depth of 6,059 feet, and encountered four new oil and gas reservoirs with a total gross hydrocarbon thickness of 112 feet, based on results from the logging-while-drilling data, reservoir pressure measurement, and reservoir fluid sampling.
Chairman and Chief Executive Officer, CAMAC, Kase Lawal, said: “The successful well completion operations on Oyo-8 and our readiness to commence oil production are significant milestones for creating long-term shareholder value. The delay in commencing production due to the ABS certification process on the FPSO is very unfortunate; however, we are confident that Bumi is taking all necessary steps to complete the process as quickly as possible.”
Oyo-8 is hooked up to the FPSO Armada Perdana owned by Bumi Armada Berhad (Bumi).
click here to read more
#Nigeria #Oil #Crudeoil #FPSO #CAMAC
The Guardian reports:
Nigeria’s oil and gas production may soon receive a boost, courtesy CAMAC Energy Incorporation, following the completion of drilling operations on its Oyo-8 well in the offshore basin.
Oyo-8 was successfully drilled to a total depth of 6,059 feet, and encountered four new oil and gas reservoirs with a total gross hydrocarbon thickness of 112 feet, based on results from the logging-while-drilling data, reservoir pressure measurement, and reservoir fluid sampling.
Chairman and Chief Executive Officer, CAMAC, Kase Lawal, said: “The successful well completion operations on Oyo-8 and our readiness to commence oil production are significant milestones for creating long-term shareholder value. The delay in commencing production due to the ABS certification process on the FPSO is very unfortunate; however, we are confident that Bumi is taking all necessary steps to complete the process as quickly as possible.”
Oyo-8 is hooked up to the FPSO Armada Perdana owned by Bumi Armada Berhad (Bumi).
click here to read more
#Nigeria #Oil #Crudeoil #FPSO #CAMAC
