Business Oando's Qua Iboe Field Finally Begins Oil Production

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LequteMan

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Oando Energy Resources Inc. has announced the completion of the construction of infrastructure work at its Qua Iboe field and that commercial production has begun now at an initial rate of 2,150boepd gross to the partners, according to a press release.

The Qua Iboe field is located near the mouth of the Qua Iboe River in the eastern Niger Delta and covers approximately 3,459 acres of land.

Oando Energy Resources holds a 40 per cent working interest in the field. In its capacity as technical services provider, OER, together with the operator and 60 per cent owner, Network Exploration and Production Nigeria Ltd (NEPN), brought the field from conceptualization, through development, to first oil delivery.

The crude processing facility was commissioned in the fourth quarter of 2014, but commercial production was delayed until the completion of the associated cluster crude delivery and sales infrastructure into the Qua Iboe terminal.

#Nigeria #Oando
 

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