A press release posted on FIRST Exploration & Petroleum Improvement Firm Restricted’s (FIRST E&P) web site lately introduced that the corporate’s three way partnership with Nigerian Nationwide Petroleum Firm Restricted (NNPC Restricted) has “confirmed a major hydrocarbon discovery within the Songhai discipline, positioned in OML 85 within the shallow offshore area of Bayelsa”.
The properly was spudded on November 18, 2024, as a part of efforts to extend and maintain the JV’s oil manufacturing over the following 5 years, the assertion famous, including that it was “efficiently drilled to a complete depth of 8,883 toes Measured Depth in 30 meters of water”.
The properly encountered hydrocarbons throughout eight reservoirs, logging over 1,000 toes of hydrocarbon-bearing sands, most of which exhibit glorious reservoir properties, the assertion stated.
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“Preliminary evaluation signifies substantial oil and fuel volumes, reinforcing the sphere’s industrial potential,” the assertion famous.
“Additional evaluations, together with formation testing and properly information integration, might be performed to refine useful resource estimates and optimize discipline improvement plans,” it added.
Segun Owolabi, Basic Supervisor, Exploration and Improvement at FIRST E&P, stated within the assertion, “this discovery marks a significant milestone in our efforts to unlock the complete potential of our belongings”.
“The success at Songhai Subject underscores the effectiveness of our exploration technique and our dedication to delivering sustainable worth to all stakeholders,” Owolabi added.
Seyi Omotowa, Chief Upstream Funding Officer of NUIMS at NNPC, stated within the assertion, “this aligns with NNPC Restricted’s mandate to drive manufacturing development and value optimization”.
“The success at Songhai Subject displays our dedication to strategic partnerships, superior expertise, and environment friendly operations to maximise Nigeria’s hydrocarbon potential sustainably”.
NNPC Restricted’s Group Chief Govt Officer, Mallam Mele Kyari, stated within the assertion, “this discovery reaffirms the potential of Nigeria’s offshore belongings and the significance of collaboration in boosting reserves and manufacturing”.
“NNPC Restricted stays dedicated to driving effectivity and long-term worth creation for the nation,” Kyari added.
A press release posted on FIRST E&P’s website in April final 12 months introduced that the First E&P-NNPC three way partnership had began oil manufacturing from the Madu Subject in OML 85.
“Madu Oil Subject has vital oil, fuel, and condensate sources in multiple-stacked reservoirs,” the assertion stated.
“The sphere, which lies roughly 23km northwest of the JV’s different producing asset – Anyala – is anticipated to provide a mean of 20,000 barrels per day, ramping up joint manufacturing capability for the Anyala and Madu fields to 60,000 barrels per day,” that assertion highlighted.
Lagos, Nigeria, based mostly FIRST E&P describes itself on its website as a number one built-in vitality options supplier with distinctive supply capability throughout the upstream oil and fuel worth chain.
“As an unbiased participant within the vitality business, our focus is to make sure we offer vital and viable contributions to vitality wants and safety regionally and globally,” the corporate notes on its website.
NNPC, which is predicated in Nigeria’s Federal Capital Territory, describes itself on its website as a dynamic world vitality firm with companies and operations throughout the whole spectrum of the vitality worth chain.
In a launch posted on its website lately, BP revealed one other discovery offshore Egypt.
The corporate outlined in that launch that it “encountered 4 potential Messinian fuel reservoirs, with a complete sand thickness of fifty meters (164 toes) at a measured depth of roughly 2,900 meters (1.8 miles)” on the El Fayoum-5 properly.
A separate assertion posted on the Norwegian Offshore Directorate’s web site on March 5 introduced that Equinor and its companions have confirmed fuel/condensate within the ‘Mistral Sør’ prospect.
“Preliminary estimates point out that the invention incorporates 3-7 million customary cubic metres (Sm3) of recoverable oil equal (o.e.), which corresponds to 19-44 million barrels of recoverable o.e,” the assertion famous.
To contact the creator, e-mail andreas.exarheas@rigzone.com
