Afren, a London-listed, independent oil and gas company, is reviewing its plan for the Okoro Further Field Development (FFD), offshore Nigeria.
In its operational update today, the company has said that partners in the project, Afren and Amni, are currently in discussions on how to manage the Okoro Further Field Development Plan in line with the current low oil price environment with a view to re-engineering the forward work program.
The Okoro Further Field Development is intended to develop new reservoirs found at the Okoro field, apart from those already in production via the FPSO at the location. According to data provided by Afren’s partner in the project, Amni, the FDP for this development was approved by the Department of Petroleum Resources in 2014. In the third quarter of 2014, the partners sanctioned the Final Investment Decision (FID) for the Okoro FFD
While Afren did not provide more information in its latest update, the company’s annual report for 2014 reveals that the re-engineered Okoro FFD may utilise the existing infrastructure at the field, and could incorporate the development of the Okoro FFD discovery over two phases from the Okoro Main Wellhead Platform.
Offshore Energy Today Staff