Otakikpo marginal field completes efficiency rate test

Please follow and like us:

  • 368
  • Share

Okechukwu Nnodim, Abuja

The Otakikpo marginal field in OML 11 has successfully completed its maximum efficiency rate test and is set to commence the continuous production and evacuation of crude oil, its operator, Green Energy International Limited, has announced.

According to Green Energy, the test on the production wells of the Otakikpo field was supervised by the Department of Petroleum Resources, adding that the marginal field received a Technical Allowable Rate of 8,350 barrels per day from the four strings in two wells, Otakikpo 2 and Otakikpo 3, for the first quarter of this year.

It stated that the company was further given the Commercial Allowable Rate of 5000bpd for February this year by the Crude Oil Marketing Department of the Nigerian National Petroleum Corporation.

The Technical Director, Green Energy, Dr. Bunu Alibe, in a statement issued in Abuja, said, “Having successfully completed its pipeline from the field to 6km offshore in preparation for crude evacuation through a shuttle tanker and finalised its crude handling agreement with Amni International Petroleum Development company, GEIL recently secured an evacuation permit from the regulatory body to enable it to move its crude to Ima terminal operated by Amin.”

READ ALSO:  Navgas rewards drivers

Alibe stated that Green Energy had received the approval for its field development plan and the installation of its processing facility, adding that an onshore storage facility of 45,000 barrel capacity had been completed.

He said the company and its technical partner, Lekoil Oil and Gas Investment Limited, were poised to follow through all processes towards crude oil export before the end of the quarter.

According to him the Otakikpo field has the capacity of adding about 10,000bpd to the national production within a short period of time.

Alibe stated that GEIL was embarking on the immediate installation of six megawatts electricity plant while ensuring that the trust fund set up to finance development projects and managed by the community where the field had been located was adequately funded.

The Federal Government awarded the marginal field to Green Energy, which it designated as the operator, to implement the company’s small-scale gas utilisation programme.

READ ALSO:  Inflation increases by 15.13 %

Otakikpo field was identified as one of the suitable sites for a pilot programme offering unique solution to utilise the gas from the field for power generation, and the LPG production for domestic cooking gas.

The company in collaboration with its technical partner began re-entry efforts on the two wells in 2015.

 Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

Facebook Comments

Please follow and like us:

  • 368
  • Share

Leave a Reply

Your email address will not be published. Required fields are marked *