The operator of Otakikpo Marginal field in OML 11, Green Energy International Limited (GEIL), has been given the “Technical Allowable Rate” of 8,350 bpd from the four strings in 2 Wells: “Otakikpo 2″and ” Otakikpo 3″ for the first quarter of 2017.
A statement of the company’s Technical Director, Dr Bunu Alibe said the Commercial Allowable Rate of 5,000 bpd was approved for February this year by the Crude Oil Marketing Department of the Nigerian National Petroleum Corporation (NNPC),
This came on the heels of the successful completion of Maximum Efficiency Rate (MER) test on the production wells of the field that the Department of Petroleum Resources (DPR) supervised, the firm will commence continuous full production and evacuation from the field soon.
The statement said, having successfully completed its pipeline from the field to six km offshore in preparation for crude evacuation through a Shutttle Tanker and finalized its Crude Handling Agreement (CHA) with Amni International Petroleum Development company, GEIL has recently secured an Evacuation Permit from the regulatory body to enable it move its crude to Ima terminal operated by Amin.
Alibe noted that other milestones already achieved by the company included the approval of its Field Development Plan , the installation of its processing facility, completion of an onshore storage facility of 45,000 barrel capacity.
He said the company and its Technical Partner- Lekoil Oil and Gas Investment Ltd were poised to follow through all processes towards crude oil export before the end of the quarter, Worldstage report
