A Review of the Nigerian Energy Industry

Afren to complete installations on Okwok oilfield in 2015

23 December 2014, Lagos – United Kingdom-listed Afren Plc has stated that the installation of the decks and bridge at Okwok oil field would be completed in early January 2015 once the wellhead jacket at Okwok has been installed.

In an update on its operations at Ebok, Okwok and OML 115, all located offshore Nigeria, the company further stated that after the installations, the partners would commence the hook up and commissioning of the Ebok Central Fault Block Extension (CFBx) platform.

Afren logo
Afren logo

The company also said that following a favourable weather window, Afren and its partner, Oriental Energy Resources Limited (Oriental), are pleased to announce that the jacket for the Ebok Central Fault Block Extension (CFBx) platform has now been installed.

According to Afren, the work programme at the CFBx will include up to nine new wells to be drilled and brought on-stream by the end of 2015 targeting both producing and undeveloped reservoirs.

“Elsewhere, at the North Fault Block (NFB), the partners continue to make good progress and are targeting completion of the third new producer by mid-December 2014. The forward programme at the NFB will incorporate up to an additional 5 wells by year-end 2015. The company remains on-track to deliver full year net production at the lower end of guidance between 32,000 to 36,000 bopd (excluding Barda Rash),” Afren said.

Afren and its partner, Oriental have also spudded the Ameena East well located on OML 115, offshore Nigeria.

“The well is being drilled with the Shelf Adriatic I drilling rig. The Ameena East prospect will be targeting 65 mmbbls of gross unrisked resources in zones of prospectivity in the Biafra intervals that are productive north of the acreage, with secondary objectives in the Qua Iboe reservoirs equivalent to those at the Ebok and Okwok fields. The drilling campaign at Ameena East is expected to be completed this month,” the company said.

“Drilling at the Ebok Deep exploration tail targeting 50 mmbbls of gross unrisked resources in the deeper Qua Iboe and Biafra reservoirs is expected to commence in Q4 2014 following the completion of the third new producer at the NFB,” the company added.

The Chief Executive Officer (CEO) of the company, Mr. Osman Shahenshah and three others, including the Chief Operating Officer (COO) and two associate directors, were recently dismissed over allegation of receipt of unauthorised payments.
Shahenshah and the COO, Mr. ShahidUllah, as well as two associate directors – Iain Wright and Galib Virani, were recently dismissed, following the outcome of an independent review carried out by Willkie Farr & Gallagher (UK) LLP (WFG) into the receipt of unauthorised payments by members of management and senior employees.

The decision to terminate the employment and directorships of Shahenshah and Ullah for gross misconduct was based on evidence identified by WFG of breaches by the two top officials of their obligations to Afren as employees and directors, in particular the receipt of unauthorised payments from third parties.

– This Day

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