By Hamisu B.S.
Oando PLC through its Upstream subsidiary Oando Energy Resources (OER) has announced that it’s Joint Venture has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta.
The NNPC/NAOC/OANDO joint venture is a venture in which NNPC holds 60%, Oando 20% and NAOC the operator 20%.
The Obiafu-41 Deep appraisal/exploration well has reached a total depth of 4.374m encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130m of high-quality hydrocarbon-bearing sands.
Oando stated that the find amounts to about 1 trillion cubic feet of gas and 60 million barrels of associated condensate in the deep drilled sequences. The discovery has further potential that will be assessed with the next appraisal campaign. The well can deliver in excess of 100 million standard cubic feet/day of gas and 3,000 barrels/day of associated condensates. The discovery is part of a drilling campaign planned by the Joint Venture aimed at exploring near-field and deep pool opportunities as an immediate time to market opportunities.
In a statement signed by Chief Compliance Officer & Company Secretary Ayotola Jagun, Oando is positive that this discovery will have an impact on its gas reserves.