[Nigeria] Erin Energy announces arrival of rig to Oyo Field expected to double its production

The highly efficient sixth generation drilling rig Pacific Bora meant to carry operation at the Oyo field offshore Nigeria has arrived in the area according to Erin Energy Corporation.

The oil and gas exploration and production company plans to use Pacific Borato drill the Oyo-9 well (Oyo-9) on the Oyo field in deepwater offshore Nigeria. Det forventes å påbegynne boring eller Oyo-9 i ca. 10 dager og å legge til en ekstra 6000 til 7000 fat per dag.

The Pacific Bora is a highly efficient sixth generation double-hulled drillship, which the company has the option to drill up to two additional wells. If exercised, the rig will be used to drill two of its offshore Nigeria exploration prospects in the prolific Miocene geological zone, which has been proven highly prolific in neighboring blocks.

Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 7 licenses across 4 countries covering an area of 19,000 square kilometers (5 million acres), including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and Gambia, and onshore Kenya.

Erin Energy is headquartered in Houston, Texas, and is listed on the New York and Johannesburg Stock Exchange under the ticker symbol ERN.

www.erinenergy.com