The Newcross Group, a Nigerian firm of E&P independents, is excited about the results of Awoba NW-2, reporting over 400 feet of pay more than encountered in Awoba NW-1, the discovery well drilled by Shell in 2001.
This is the first well the company would drill as operator of Oil Mining Lease (OML) 24, which it purchased from Shell, TOTAL and ENI in 2015.
Awoba NW-2, drilled with the Chinese rig Sheng Li-4, successfully appraised multiple reservoir complexes, “through a focused, highly deviated well trajectory that targeted spatially diverse pools because of complex geology”, the company reports.
The well discovered four new hydrocarbon accumulations. Total footage was 450feet Net Oil Sands and 520 feet Net Gas Sands (True Vertical Depth).
The NNPC/Newcross Joint Venture currently averages about 30,000BOPD in OML 24.
Source: Africa Oil + Gas Report