Atlas Petroleum International over the weekend resumed workover activities and well interventions on Oil Mining Lease 109 in Nigeria in order to enhance production from the Ejulebe marginal field, the company announced in a statement Monday.
Awarded to Atlas Petroleum International in 1991, the block entered into production through the development of the Ejubele discovery in September 1998, it said.
OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million barrels of oil equivalent. Its low-cost operating environment in shallow water and proximity to existing oil and gas infrastructure such as the Escravos Terminal make it one of the most attractive assets in the Niger Delta, with significant untapped and under-explored hydrocarbons potential.
“The renewed development of OML109 will bring a boost to local content development in Nigeria, and support the industry’s recovery following the Covid-19 crisis. As Nigeria multiplies efforts to build domestic capacity and develop the Nigerian content, we intend to live up to expectations as one of the country’s major indigenous player”, the statement quoted Prince Arthur Eze, Executive Chairman of Atlas Oranto.
“We expect the ongoing wells interventions on OML 109 to deliver quick wins on the recovery and enhancement of production from the field, and express our thanks to the Department of Petroleum Resources for facilitating all permits,” he concluded.
Atlas Petroleum International and Oranto Petroleum represent one of Africa’s largest Nigerian and privately held exploration and production groups. The companies currently have an extensive footprint across the African continent, holding 22 oil and gas licenses in 12 jurisdictions.