Oyo: Erin Well Begins Production of Crude Oil

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Nigeria – Erin Energy Corporation on Thursday announced that it has commenced production from the Oyo-7 well located in OML 120 offshore Nigeria.

The well which was drilled to a depth of 8,000 ft (2,438 meters) is located in approximately 1,000 feet (300 meters) of water and is producing into the Floating Production Storage and Offloading vessel, Armada Perdana.

Oyo-7 is expected to produce approximately 7,000 barrels of oil per day following optimization of choke size.

“We are pleased that the well is performing in-line with our expectations and we will be working over the next few days to optimize the flow rate. Bringing this well on production will double our current production rate out of the Oyo field and is a significant step in the continued growth of our company,” Segun Omidele, Senior Vice-President of Exploration and Production said according to StreetInsider.

Erin Energy is the operator of the Oyo field and has a 100% interest in the block.

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