Afren shores up Ebok

FOLLOWING AN INDEPENDENT assessment UK-based Afren has confirmed that its Ebok field off Nigeria has provedprobable reserves of 148 mn barrels of oil for the FB1 and FB2 areas of the field.

The outfit said that recoverable reserves have been calculated at 41.2mn barrels. An additional 21mn barrels of oil of contingent reserves and 33mn barrels of prospective resources have been assigned to other areas of the field including Ebok West and Ebok North fault blocks. “The exceptional results from the Ebok appraisal drilling, well ahead of pre-drill expectations, confirm a material 52mn barrels recoverable oil development with upside potential of up to 106mn barrels,” according to Afren chief executive Osman Shahenshah.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?