Afren Oil discloses exploration success with discoveries in Nigeria, Iraq
fren Oil said it has achieved significant exploration success with its discoveries in Nigeria and Iraq, despite the security and political stability concerns of both regions.
The Chairman of the Company, Egbert Imomoh, made this known at the firm’s 2013 AGM in London.
He said while the organisation operates in oil and gas provinces in the world where security and political stability is of great concern, “2012 proved to be yet another defining year; we delivered record financial results driven by strong production performance at our greenfield developments, offshore Nigeria, and achieved significant exploration success with discoveries in Nigeria and the Kurdistan region of Iraq.”
In a communiqué made available, Mr. Imomoh said the firm commenced early production from both the Okoro Field Extension and Ebok NFB within ten months of discovery and is moving towards the finalisation of full field development solutions for discoveries, using fast track development skills and existing infrastructure.