Norway's Statoil starts exploration drilling offshore Nigeria

Jul 13, 2000 02:00 AM

Norway's state-owned oil and gas company Statoil has started exploration drilling offshore Nigeria in the Agbami-Ekoli area about 150 km west of Port Harcourt. The well, Ekoli-1 in block 217, is at a depth of 1460 metres below sea level. It lies adjacent to block 216, where earlier this year Texaco made a major find.
"We are very optimistic that the reservoir in the Agbami-Ekoli structure stretches into block 217," said Statoil's West African exploration manager Morten Rye-Larsen. The drillship Deepwater Millennium will drill block 217 up to September. Thereafter it will drill for Statoil in block 218 in the Bilah area, a previously untested area, said Statoil.

Statoil is the operator for both blocks with a 53.85 % stake in each. Texaco is Statoil's partner, holding the remaining share.
The Ekoli-1 well is the eighth well Statoil has drilled offshore Nigeria to date. Meanwhile, Statoil said it was evaluating the commercial possibilities of developing the gas and oil find it made at the Nnwa-1 well in February 1999.
Statoil has in addition made a bid for three new blocks in an ultra-deep area offshore Nigeria. The country's oil authorities are due to name the successful bidders during the fourth quarter of this year, said Statoil.

Source: Bridge News via Newspage
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