Atlas Petroleum resumes development of Niger Delta prospect
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
Awarded to Atlas Petroleum International in 1991, the block entered into production through the development of the Ejubele discovery in September 1998.
OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million boe. Its low-cost operating environment in shallow water and proximity to existing oil and gas infrastructure such as the Escravos Terminal make it one of the most attractive assets in the Niger Delta, with significant untapped and under-explored hydrocarbons potential.
“The renewed development of OML109 will bring a boost to local content development in Nigeria, and support the industry’s recovery following the Covid-19 crisis. As Nigeria multiplies efforts to build domestic capacity and develop the Nigerian content, we intend to live up to expectations as one of the country’s major indigenous player”, declared Prince Arthur Eze, Executive Chairman of Atlas Oranto.
“We expect the ongoing wells interventions on OML 109 to deliver quick wins on the recovery and enhancement of production from the field, and express our thanks to the Department of Petroleum Resources for facilitating all permits,” he concluded.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/06072020/atlas-petroleum-resumes-development-of-niger-delta-prospect/
You might also like
TotalEnergies increases its interest in giant field Moho and divests two mature assets
TotalEnergies announces that its 85%-owned affiliate, TotalEnergies EP Congo, has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale to Trident Energy of its 53.5% interest in the Nkossa and Nsoko II licenses.