Eni, through its Nigerian affiliate Nigerian Agip Oil Company (NAOC) has announced a huge gas and condensate discovery in the Niger Delta region which will further increase the billions of reserves already locked in the area.
The discovery was made in Obiafu-Obrikom oil fields in oil mining lease (OML61) onshore Niger Delta region.
The find estimated to be about one trillion cubic feet of gas and 60 million barrels of associated condensate will boast the total gas deposit in Nigeria and guarantee further investments in gas and condensates.
The oil fields where the find was made is jointly owned by NAOC, Oando, and Nigerian National Petroleum Corporation NNPC at the rate of 20%, 20%, and 60%. The oil fields are however, operated by NAOC on behalf of the other two partners.
In a statement released by Eni, the Obiafu 41 Deep well achieve a depth of 4.374 metres before the significant find of gas and condensates within the deltaic sequence of Oligocene age was made. This revealed 130 metres high-quality hydrocarbon-bearing sands.
Gas Flare in the Niger delta
“The discovery has further potential that will be assessed with the next appraisal campaign. The well can deliver in excess of 100 million standard cubic feet per day of gas and 3000 barrels per day of associated condensates, and will be immediately put on stream to increase NAOC’s gas production,” the company said in their statement.
Continuing the company said, “The discovery is a part of a drilling campaign planned by NAOC JV and aimed at exploring near field and deep pool opportunities as an immediate time to market opportunities”.
The Nigerian oil and gas environment continued to be beneficial to various oil and gas companies who are present in the oil-rich Niger Delta. This area continues to suffer environment pollution and degradation and poverty in spite of the billions of dollars made from oil and gas exploitation by companies like ENI.
Eni has been operating in Nigeria since 1962 engaging in production, development and exploration activities since then. A total of 30,049 square kilometres in the onshore and offshore areas of the Niger Delta is said to be utilized by the company for its various business activities. Eni’s equity to the joint venture hydrocarbon production amounts to 100,000 barrels of oil equivalent per day.