NIGERIA'S OANDO ENERGY RESOURCES COMPLETS EXPORT PIPELINE

Nigeria’s Oando Energy Resources completes export pipeline            

Oando Energy Resources Inc., a subsidiary of Nigeria’s oil giant, Oando Plc has announced the completion of 45,000bbls/d, 51km Umugini pipeline in south-eastern Nigeria. According to a statement released in Lagos on Friday by the company, the pipeline will provide an alternative evacuation route for crude oil produced from the Ebendo Field through the Trans Forcados export pipeline.
Following the successful drilling of Ebendo wells 5, 6, and 7 over the past 12 months, oil production capacity within OML 56 has grown to 7,140boepd gross for OER and Energia Limited the operator of the asset (3,052boepd net to OER), the company said.
It noted that export has been constrained at 3,093boepd (1,322boepd OER Share) via the Agip operated Kwale-Brass NAOC/JV infrastructure, in which OER currently has a 20% interest through the recent $1.5Bn acquisition of ConocoPhillips Nigerian Oil & Gas Business.
“The completion and commencement of operations on the Umugini pipeline ensures that the Ebendo field can now produce at its full capacity,” the company added.
Ebendo is located onshore in the central Niger Delta approximately 100 km north-west of Port Harcourt and covers an area of 65 km2 (16,062 acres). The License includes two fields, Ebendo (producing) and the Obodeti field (undeveloped). Oando Energy Resources holds a 42.75% working interest on the field.