Afren Tops Production Expectations



 

Afren plc’s production levels are ahead of expectations, with the Ebok field in Nigeria contributing to that. The company said in a statement on January 2 that production from the field had reached around 40,000 bpd taking its end-2011 net output to some 55,400 boepd, over 5,000 boepd more than targeted.

Nigerian output at the Ebok field has increased to a stabilized rate of around 40,000 bpd following the commissioning and ramp-up of all production wells associated with the initial phases of the development. This production was added to by the onshore Ogini and Isoko fields, which has almost doubled following technical challenges in early-December.

Afren said that its production levels above its year-end goal of 50,000 boepd were sustained since December 19, as a result of operations in Cote d’Ivoire as well as Ebok and Okoro in Nigeria.

"The group is in a strong position with aggregate net working interest production of 55,400 boepd going into 2012," Osman Shahenshah, chief executive of Afren said.

Afren’s upcoming drilling program in Ghana, Nigeria, the JDZ of Nigeria Sao Tome and Principe, Tanzania, Kenya, and the Kurdistan region of Iraq had the potential "to materially transform and increase our discovered resource base," according to Shahenshah.



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