Newcross Petroleum Limited, the Operator of OPL 283 (formerly OML56) under a Production Sharing Contract with Nigeria National Petroleum Corporation (NNPC) (as the concessionaire), has announced a new oil discovery in its Efe oil field with the support of the corporation and the Department of Petroleum Resources (DPR).
Efe First well is located in the Efe field of the OPL 283 block, which is in the Northern Niger Delta depobelt.
According to the Strategic Team Lead of New Cross Petroleum, Bashiru Idowu, the success of Efe First is a confirmation of the support NNPC and DPR have expressed in newly emerging companies willing to significantly add to the national hydrocarbon reserves.’
One of the technical team leaders, Evi Otobo, said that Efe First tested a four-way dip closure at the shallow levels gradually becoming fault-dependent hanging wall closures at intermediate to deeper levels.
He explained that, “at much deeper levels, the dip directions can change with closures moving to the footwall against south-bounding faults to explore EFE-main shallow, intermediate and deeper plays of the middle-upper Eocene reservoirs,”
The company said yesterday, that Efe First was successfully drilled to a total depth of 14,086 feet MD (12,720 feet TVD) and encountered 16 hydrocarbon-bearing sands with gross hydrocarbon thickness of 648 feet TVD. Work is ongoing to determine the size and commercial viability of this discovery.
“This discovery represents an important step towards unlocking the deep potentials in OPL 283. Efe First will be temporarily suspended while the company moves ahead to drill EFE-B.
“OPL 283 is in the Northern aspect of the Niger Delta. Formerly known as OML56, the block has a total size of 1272 sq. km, with a number of marginal fields within the boundary of the acreage. The Production Sharing Contract is assigned to Newcross Petroleum and Rayflosh Petroleum”, the statement added.
Information from The Guardian was used in this report.