Through visionary leadership, creativity and effective implementation of our ideas, we empower people, their transactions, systems and institutions against corruption.
African-focused exploration and production company, Afren Plc, said it had made new oil discovery of over 300 million barrels at its Ebok and Okoro oil fields.
Specifically, additional 150 million barrels of oil were discovered at the Ebok oilfield located in OML 67, offshore Nigeria; and 157 million barrels at the Okoro field located in OML 112 in shallow water offshore Nigeria.
Speaking during the FBN Capital Limited’s maiden Oil and Gas Roundtable in Lagos on Tuesday, Head, Finance, Afren Nigeria, Mr. Deji West, said, “We just discovered a reserve of 150 million barrels of oil each in the Okoro and Ebok fields. We have 14 wells at Okoro and 24 wells in Ebok.“
He specifically said the Okoro field was currently producing over 20,000 barrels of oil per day, adding that the company had plans to increase the production to 50,000 barrels in the future. The Ebok field, according to him, is currently producing about 35,000 barrels a day.
He explained that Afren had a diversified portfolio, adding that the company had raised $2.8bn in the past eight years from the London Stock Exchange and other sources. Read more
Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.
Integrity Nigeria (ABUJA)
Suite D9/D15, Rukayyat Plaza, Plot 93 Obafemi Awolowo Way Jabi, Abuja, Nigeria
Tel - +234 816 447 2520
Email - email@example.com
17A, House 2, Muyibat Oyefusi Crescent,
Off Akinola Adegunwa Street, Off Adeyemo Akapo Street,
Omole Phase I, Ikeja, Lagos.
Tel - +234 906 000 9421
No 13, Ahmed Daku Street, off Sokoto Road, Kano, Kano.
2012 Copyright Integrity Nigeria | Powered by j19Media