…One Of The Most Attractive Assets In The Niger Delta
From Joseph Obukata (The New Diplomat’s N/Delta Correspondent)
Atlas Petroleum International has announced the resumption of its activities which includes well interventions on OML 109 in the Niger Delta region.
The resumption of activities on the OML will enhance production from Atlas’ Ejulebe marginal field.
The company was awarded the marginal field 29 years ago and the block entered into active production through the development of the Ejubele discovery in September 1998.
In an emailed statement sent to our correspondent on Monday, Prince Arthur Eze, Executive Chairman of Atlas Oranto said, “The renewed development of OML109 will bring a boost to local content development in Nigeria, and support the industry’s recovery following the Covid-19 crisis.
“As Nigeria multiplies efforts to build domestic capacity and develop the Nigerian content, we intend to live up to expectations as one of the country’s major indigenous player.
“We expect the ongoing wells interventions on OML 109 to deliver quick wins on the recovery and enhancement of production from the field, and express our thanks to the Department of Petroleum Resources for facilitating all permits,” he concluded.
The current license can be extended beyond its initial 20-year period set to expire next year to 2026 and beyond. The OML 109 is a low-cost operating environment as it is a shallow offshore field.
Located in the Niger Delta region of Nigeria, it comprises of 14 identified and mapped prospects and leads, and resource potential of over 500 million barrels of oil. It covers an area of 773 square kilometres with a water depth of 15-75 meters.
It is one of the most attractive blocks in the Niger Delta because of its significant untapped and yet-to-be explored hydrocarbons. It lies alongside legacy oil producers such as Okan, Mefa, and it is close to the Escravos Terminal, an existing oil and gas infrastructure.
Ejulebe is in the shallower north-eastern section, immediately northwest of the Chevron-operated Mefa oilfield. Mefa extends onto OML-109 and is a growth fault structure.
Atlas Petroleum International and Oranto Petroleum represent one of Africa’s largest Nigerian and privately-held exploration and production group.
The companies currently have an extensive footprint across the African continent, holding 22 oil and gas licenses in 12 jurisdictions.