San Leon Energy prepares to spud OSMU-1 well in OML 18

San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa, announced on 25 September 2018 that Eroton, the operator of the OML 18 licence, onshore Nigeria, was preparing to mobilise a rig to the Akaso field to drill the first new well under its operatorship.

Eroton has confirmed that a rig has now been fully positioned at the well site, and is expected to commence drilling in the next few days. Well OSMU-1 is expected to take up to 60 days to drill to around 11,900 ftMDBRT (measured depth below rotary table) and complete, targeting the E4500 and E3000 formations, and is then expected to be connected to the OML 18 production system.

Oisin Fanning, CEO, commented:

‘Drilling the first new well of Eroton’s operatorship marks the start of a new chapter in the development of OML 18. Increasing oil production at the wellhead is an important step in increasing cash flow from the asset, and I look forward to providing shareholders with an update on the performance of this new well in due course, in addition to providing further information on further development activities.’

Source: San Leon Energy



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