Three Nigerian independents and marginal field operators; Century Energy E&P, Excel E&P and Millenium Oil and Gas have all shown indications that they are close to reaching first oil soon, according to Africa Oil & Gas Report. The licences to these fields were awarded by the Federal Government in 2003.
Century Energy E&P is on course of putting the Atala Marginal Field on stream; Excel E&P has now formally started to inject about 800 barrels of crude oil per day from Eremor field into the Trans Forcados system and sources at Millenium Oil and Gas say it has “less than” 60 days to go to complete all the remaining hook up and commissioning facilities for the startup of the Oza field.
The Atala field is actually held by the Bayelsa Oil and Gas Company (one of the three state companies which won an asset in the 2003 marginal field round). Century is only a technical and financing partner, but its economic interest is higher than 50%. Millenium’s partners on Oza field are Hardy Oil and Emerald Resources.