Lekoil in its update on operations from the Otakikpo Marginal Field in the Delta region of Nigeria, announced that the well testing program on the Otakikpo-002 well was successful.

According to the company, the well flowed oil from two upper zones all through the two production tests which was concluded on April 10, 2016.  The C5 zone flowed at a maximum rate of 6,404 bpd at a 36/64” choke while the C6 zone successfully flowed oil at a peak rate of 5,684 bpd also at a 36/64” choke, for more than a day. 

The testing program at the well was shortened as a result of storage capacity limits on well-testing equipment but the Company anticipates to commence commercial production by the end of the second quarter of this year.

Subsequent to the conclusion of the Otakikpo-002, well resumption of operations on Otakikpo-003 are estimated to commence later on in Q2. Lekoil hopes to begin commercial production from Otakikpo-003 in Q3 of 2016 and producing 10,000 bpd by the end of 2016.

“In about a year and half, Lekoil and its partner GEIL have managed to bring to life a marginal oil field which is expected to produce 10,000 bpd by year-end demonstrating its technical and financial strengths. These successful tests represent another major step towards continuous production and are the most significant accomplishment since operations began - demonstrating our disciplined approach to developing an asset efficiently. Safety remains our key priority and we will continue applying the highest standard to our operations as we grow production to, and beyond, our initial Phase 1 target,” Lekan Akinyanmi, the CEO of Lekoil told Energy-pedia.

Anita Fatunji