Connect with us

Oil & Gas

Agip discovers 1trn cft of gas, 60m barrels of condensates in Niger Delta

Published

on

Nigeria Agip Oil Company(NAOC), an affiliate of Italian oil giant, Eni, says it has discovered a significant quantity of gas and condensate in the Obiafu-Obrikom fields in Oil Mining Lease, (OML) 61, onshore Niger Delta.

In a statement in Abuja on Tuesday, the company said the gas and condensates were discovered in the deeper sequences of the field after drilling up a depth of 4.374 metres.

According to the company, the finding amounts to about one trillion cubic feet (TCF), of gas and 60 million barrels of associated condensate in the deep drilled sequences.

It added that the discovery had further potential that would be assessed with the next appraisal campaign.

“The Obiafu-41 Deep well has reached a total depth of 4.374 metres encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130 metres of high quality hydrocarbon-bearing sands.

The company further disclosed that the discovery was part of a drilling campaign planned by NAOC Joint Venture (JV) and aimed at exploring near-field and deep pool opportunities as immediate time to market opportunities.

“Eni has been present in Nigeria since 1962, with operated and non-operated production, development and exploration activities on a total of 30,049 square kilometres in the onshore and offshore areas of the Niger Delta.

” In 2018, Eni’s equity hydrocarbon production amounted to 100,000 barrels of oil equivalent per day,” it added.

In the JV, Eni’s stake is 20 per cent, while the Nigerian National Petroleum Corporation (NNPC) and Oando own 60 per cent and 20 per cent respectively.

OML 61 is one of four blocks that make up JV among  Eni, NNPC and Oando Energy Resources.

The others are OML 60, 62 and 63. It is a large Y-shaped block in the central Niger Delta and is the largest producer in the JV.

Twenty-one fields have been discovered, with most clustered in the northeast of the block.

Edited by Chukwudi Ekezie

Contact US: editor@nnn.com.ng, nnnnews247@gmail.com

Recent Posts

January 2020
M T W T F S S
« Dec    
 12345
6789101112
13141516171819
20212223242526
2728293031  

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor@nnn.com.ng

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.

editor@nnn.com.ng