Erin Energy Starts Oyo field production, offshore Nigeria
Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) announced it has commenced production from the Oyo-8 well (“Oyo-8”) located in OML 120 offshore Nigeria. Erin Energy is the operator of the Oyo field and has a 100% interest in the block.
Oyo-8, which was drilled in the third quarter of 2014 to a total depth of approximately 6,100 feet (1,850 meters), was successfully completed horizontally in the Pliocene formation. Oyo-8 is located in approximately 1,000 feet (300 meters) of water and is producing into the Floating Production Storage and Offloading vessel, Armada Perdana. The well is expected to produce approximately 7,000 barrels of oil per day following cleanup and optimization of choke size.
Segun Omidele, Senior Vice-President of Exploration and Production commented: “We are quite pleased with the initial well performance and will be working over the next few days to optimize the flow rate. Bringing this well on production is a milestone achievement for our organization and was made possible through the hard work and dedication of our entire team and our service providers.”
Source: ERIN ENERGY