In the second quarter of 2016, Erin Energy successfully brought back online the Oyo-8 well in oil mining lease 120, using a deepwater light intervention vessel. The well achieved a net average daily oil production of 5,400 compared to 1,800 in Q1 2016. Currently, Oyo-8 is producing more than 7,000 b/d.
The Oyo-7 well could not come back on production naturally, after an emergency shut down on July 1, 2016. This is due to high water production from the well, which has resulted in a temporary production loss of about 1,400 b/d of oil.
Plans are currently being made to bring back the Oyo-7 well by introducing nitrogen from the production facilities via subsea infrastructure to the well. The company says it intends to carry out this nitrogen lift after its next crude lifting scheduled for the week of August 15, 2016.
United States-based Camac Energy Inc had on Monday 4th of this month announced its discovery of four new oil and gas reservoirs in the vertical section of Oyo-8 development well located offshore Nigeria in Oil Mining Lease (OML) 120.
In a statement released by the company, Camac disclosed it drilled Oyo-8 to a total depth (TD) of 6,059 feet, and successfully encountered four new oil and gas reservoirs with total gross hydrocarbon thickness of 112 feet based on results from the logging-while-drilling (LWD) data, reservoir pressure measurement, and reservoir fluid sampling.
Camac, which commenced drilling operations on the Oyo-8 well in October 2013, added that the well will now be completed horizontally as a producing well in the Pliocene formation of the Central Oyo field Oyo-7.
“This is an excellent result from the vertical section of Oyo-8, as it positively established oil presence in new reservoirs in the eastern fault block,” Segun Omidele, senior Vice President of Exploration and Production at Camac, said.
The company continues to make progress in preparations for the next drilling campaign, which is planned to begin in Q4. Both the identification of a drilling rig and the procurement of long-lead well and subsea equipment are progressing well.
The Oyo-9 production well is planned as an additional development well within the central area of the Oyo field in OML 120. It will be tied into the existing production facilities to increase the company’s production by about 6,000-7,000 b/d of oil.
OLUSOLA BELLO with agency
