Afren has completed a farm-out agreement with Lekoil (subject to Nigerian Ministerial Consent), in respect of a 17.14% participating interest in the OPL 310 licence located offshore Nigeria. Under the terms of the farm out, Afren will receive a total carry of up to US$50 million in respect of an exploration well currently being drilled [...]
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Afren East African Exploration (EAX), a wholly owned subsidiary of Afren plc (“Afren”) announces that it has commenced a major 3D seismic programme in the Seychelles, the first 3D survey to be conducted in the country. The programme will consist of two surveys in Afren’s licence areas that extend over a combined area of approximately [...]
First oil has started flowing from Afren plc’s Okoro Field Extension, offshore south east Nigeria, at a stabilised rate of 5,000 bopd of 38° API oil, increasing total output from the Okoro area to approximately 21,500 bopd. The Okoro-14 (Okoro Field Extension) development well was drilled by Afren and partner Amni International Petroleum Development Company [...]
Afren Energy Resources Limited has exercised the first of the 5 one year extensions from the original contract for the FPSO Armada Perkasa with effect from 1 July 2013, the Malaysia-based Bumi Armada announced last week. The contract extension for the Bumi Armada-owned FPSO, which has been operating offshore Nigeria in the Okoro-Setu field, is [...]
Afren plc announces that development drilling has commenced on the Okoro East field, following the discovery in January 2012. In addition, a side-track of the existing Okoro-5 well has encountered additional oil volumes in a previously un-swept area of the reservoir within the Okoro main field, offshore south east Nigeria. Following the successful Okoro East [...]
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Afren plc announces that the Ebok North Fault Block exploration well, offshore south east Nigeria, has encountered 370 ft true vertical thickness (TVT) of net oil pay in excellent quality reservoir sands. The Ebok North Fault Block (“Ebok NFB”) exploration well was spudded on 12 April 2012 by Afren and Oriental Energy Resources (“Oriental”), and [...]
Afren plc announces that the Nunya-1x (formerly named Cuda-2) exploration well in the Keta block offshore Ghana has encountered thick and high quality water bearing reservoirs. The objective of the Nunya-1x exploration well was to explore a large four-way dip closed Upper Cretaceous prospect in the Keta block, located offshore Ghana. The well intersected 153 [...]
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A London-based oil and natural gas exploration and production company, Afren Plc, today reported a record turnover of US$597 million for the full year 2011 which represents an 87% increase when compared to the last year’s US$319 million. The company’s 2011 profit nearly tripled, rising 172% from US$46 million in 2010 to US$125 million in [...]
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Afren plc announces that testing has been completed at the Okoro East oil discovery, offshore south east Nigeria, and that results confirm a high quality 38° to 40 API oil, in excellent reservoir sands. Based on the test data the Company expects future horizontal production wells at Okoro East will be capable of yielding between [...]
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Afren today announces that Eni Ghana exploration and production Ltd. (“Eni”), operator of the Keta block which is located in the Volta River Basin offshore Eastern Ghana, has commenced drilling of the Nunya-1X (formerly named Cuda-2) exploration well with the Marianas semi-submersible drilling rig. The Nunya prospect is a four-way dip closed structure with a [...]
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