Commercial production from Otakikpo field imminent, Lekoil says

Oil and gas company Lekoil has completed the second well on the Otakikpo field in Nigeria. The company expects commercial production from the field to start ‘in the next few weeks’. 

Otakikpo is located in oil mining lease (OML) 11, on the shoreline in the south-eastern part of the Niger Delta.

The field development plan consists of two phases. Phase 1 comprised the recompletions of two wells, Otakikpo-002 and Otakikpo-003 with the installation of an Early Production Facility of 6,000 bopd capacity and export via shuttle tanker.

Phase 2 covers the subsequent incremental development of the rest of the field with a new Central Processing Facility and seven new wells expected to come on stream during 2017.

First oil from the Otakikpo-002 well flowed in September 2015. The well produced from only the first of four planned production strings. Following the first oil, the production from the well was suspended to allow completion and testing of the upper C5 zone.

After the Otakikpo-002 well was completed in June this year, the drilling rig was mobilized to Otakikpo-003.

Lekoil reported on Thursday that the Otakikpo-003 well has now been completed and the rig has been demobilized.

With Otakikpo-003 complete, the company has four production strings ready for production. Onshore facilities are complete while welding and installation work continues to progress on the offshore pipeline.

The company expects commercial production to begin at Otakikpo in the next few weeks.

Lekoil is targeting production of 10,000 bopd by year-end 2016 and will then proceed to phase two of the Otakikpo Field Development Plan, bringing aggregate production to a target of 20,000 bopd by the end of 2017, subject to requisite approvals.

Offshore Energy Today Staff

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