LEKOIL has announced, on behalf of Optimum Petroleum Development Company, the Operator of the OPL 310 License, and LEKOIL Nigeria, that the site survey on OPL 310 has commenced.
Following on from the drilling of Ogo-1 and Ogo-1 ST, in 2013, which encountered hydrocarbons within the SynRift and PostRift, Optimum and LEKOIL are envisaging a two-well program, with the objective of obtaining dynamic flow data from well testing, while preserving the drilled wells as producers. In conjunction with this appraisal drilling plan, the site survey is required for the assessment of top-hole drilling, jack-up rig, and potential platform foundation hazards, and any seabed obstructions.
Approval for the site survey on OPL 310 was granted by the Department of Petroleum Resources (DPR), in accordance with the provision of the Petroleum (Drilling and Production) Regulations. The marine vessel, conducting the site survey has arrived at the site location, and has commenced its operation which is expected to be completed before the expiration of the approval received from DPR, which occurs on the 24th of March, 2020.
Optimum and LEKOIL envisage that first well spud could occur in the second half of this year, and as previously announced on the 2nd of January, 2020, LEKOIL has secured US$184 million (gross) of funding, for the appraisal drilling, and initial development program activities on the Ogo field.
The CEO of LEKOIL stated, ‘With the commencement of the site survey, we are delighted to begin in earnest the two well appraisal drilling work program of activities, which is expected to lead to the spudding of the first well, in the second half of this year. We celebrate this milestone with our partner, and the Operator of the OPL 310 License, Optimum Petroleum, as together we pursue value for all stakeholders.’