By Chike Onwuegbuchi
Atlas Petroleum, one of the country’s pioneer marginal oilfield operators,says it has resumed ‘workover’ activities and well interventions on its Ejulebe marginal field, on OML 109 in the Niger Delta area,the company has said,july 7,2020.
OML 109 comprises 14 identified and mapped prospects and leads, and an “un-risked” resource potential estimated in excess of 500 million barrels of oil equivalent.
Its low cost operating environment in shallow water and proximity to existing oil and gas infrastructure such as the Escravos Terminal makes it one of the most attractive assets in the Niger Delta, according to Atlas Petroleum.
“The renewed development of OML109 will bring a boost to local content development in Nigeria, and support the industry’s recovery following the Covid-19 crisis.
“As Nigeria multiplies efforts to build domestic capacity and develop the Nigerian content, we intend to live up to expectations as one of the country’s major indigenous player”, said Prince Arthur Eze, Executive Chairman of Atlas Oranto.
“We expect the ongoing wells interventions on OML 109 to deliver quick wins on the recovery and enhancement of production from the field, and express our thanks to the Department of Petroleum Resources for facilitating all permits,” he concluded.
Atlas Petroleum International and Oranto Petroleum represent one of Africa’s largest Nigerian and privately-held exploration and production group. The companies currently have an extensive footprint across the African continent, holding 22 oil and gas licenses in 12 jurisdictions.
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