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Erin Energy has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling rig, on the Company’s offshore Nigeria Block 120. The well is expected to take approx. 60 days to drill and log.
The Oyo-NW is one of Erin Energy’s multiple drill-ready Miocene prospects and will target mean resources of 1.1 billion barrels. The Company’s offshore Blocks 120 and 121 are located near many of the region’s ‘super-fields’ in the prolific-producing Niger Delta. Miocene and Pliocene sandstone reservoirs are proven across the blocks and within the region, providing the reservoir with numerous large-fields and discoveries. Detailed mapping of Erin Energy’s prospect portfolio is based on interpretation of modern 3-D seismic data the Company has acquired on the blocks.
Erin Energy also stated that upon a successful discovery, given the close proximity to its current floating production and offloading facilities located on the producing Oyo Field, the Company would plan to eventually complete the well as a producer with production tie-back to the Oyo Field facilities. Source: Erin Energy