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Afren Plc To Begin Oil Production

Oil and gas exploration company, Afren Plc has disclosed plans to begin oil production in three of its oil fields, which had encountered oil and gas at several intervals, and have great potential to produce oil at commercial rates.

According to the company, the new development is expected to boost the nation’s output in the coming years and that the Field Development Plan, FDP, for its Aje field, was approved by the Department of Petroleum Resources, DPR, in March 2014, and is primarily focused on the development of the oil reservoir.

Afren also made it clear that the oil wells present in the fields, is likely to comprise the recompletion of the existing Aje-4 well, and a new well drilled to the Aje-2 subsurface location.

SOURCE

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BWN
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