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Thursday, July 9, 2015
Erin Energy is seeing in excess of 14,200 boepd from its Oyo field in Nigeria. The company plans to increase those numbers through production optimization efforts on both the Oyo-7 and Oyo-8 wells. The Oyo-7 and Oyo-8 wells are producing into the FPSO Armada Perdana.
The company has scheduled the first lifting from the FPSO for sale of at least 300,000 barrels of crude oil to occur mid-July, with a second lifting scheduled for end of the month July.
Segun Omidele, senior VP of Exploration and Production commented: “Since becoming operator in February 2014, we are pleased with the increase in current production from an average of 1,300 boe per day in 2014 to more than 14,000 boepd today. Drilling these two deepwater wells as 100% owner and operator is a testament of our operational abilities and we are very proud of our team. The cash flow generated by these two wells will contribute to our ongoing exploration and development efforts offshore Nigeria.”
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