Nigeria discovers more crude reserves

The discovery, the companies stated, was based on the results of drilling and wireline logs.

The Ogo-1 well was drilled by both partners to a total measured depth of three metres, following which the companies encountered a significant gross hydrocarbon column.
Commenting on the discovery, Egbert Imomoh, chairman of Afren, said it opened up a new oil basin in an under-explored region and represented a possible extension of the West African Transform Margin.

“We look forward to working with our partners to realise the full potential of Ogo and our additional prospects on the licence,” noted Imomoh.
Following the completion of drilling and testing operations at Ogo-1, the partners intend to drill a planned side-track, Ogo-1 ST, which will test a new play of strati-graphically trapped sediments that pinch-out onto the basement high.

The Ogo-1 discovery, testing a four-way dip-closed structure in the Turonian, Cenomanian, and Albian sandstone reservoirs, confirms the extension of the Cretaceous sandstones that have yielded other significant discoveries along the West African Transform Margin.

The Ogo-1 exploration success follows a series of recent discoveries, Okoro Field Extension, Ebok North Fault Block and Okwok in Nigeria and Simrit-2 and Simrit-3 on the Ain Sifni Block in the Kurdistan region of Iraq.

180 000 barrels

Meanwhile, Shell Petroleum Development Company of Nigeria Limited has announced plans to invest US$3,9 billion in joint-venture projects aimed at secure energy supplies for Nigeria and international markets.

The firm will invest in the Trans Niger Pipeline loop-line and the Gbaran-Ubie Phase Two with the Nigeria National Petroleum Commission.
Mutiu Sunmonu, SPDC managing director, said: “This announcements demonstrate our long-term commitment to Nigeria by clearly signalling our intent for the strategic direction of Shell in the country.”

TNPL is important for Nigeria, pumping some 180 000 barrels per day of crude oil to the Bonny Export Terminal and is part of the gas liquids evacuation infrastructure, critical for continued domestic power generation and liquefied gas exports.

The total capital investment for the TNPL project bundle is expected to be US$1,5 billion.
The Gbaran-Ubie Phase Two project consists of five gas supply and infrastructure projects which are critical for the continued gas supply to the Nigeria Liquefied Natural Gas plant and the Gbaran-Ubie domestic power plant.  – CAJ News.