Oando Energy Resources Expects Production Restart in two weeks in the Ebendo Field
Oando Energy Resources Inc., a company focused on oil exploration and production in Nigeria, has announced an update regarding the damaged 10 inch Kwale-Akri oil delivery pipeline that is operated by Nigerian Agip Oil Company Limited and connects OER’s Ebendo Field (OML 56) to the Brass export terminal (as previously disclosed on November 12, 2012).
Assessment efforts have revealed that the delivery line, which was damaged 150 meters from the shoreline of the Niger/Brass River, will require a partial replacement. Preparation activities, as well as procurement and mobilization of the required equipment, have commenced. OER anticipates the delivery line to recover full integrity in two weeks’ time, at which point production from the Ebendo Field (OML 56) is expected to resume.
Prior to the Kwale pipeline shut-in, OER was producing approximately 4,600 bbls/day from its 2 producing assets; the Abo Field (OML 125) and the Ebendo Field. The Abo Field produces 3,225 bbls/day into a floating, production, storage and offloading unit and has not been affected by the pipeline disruptions. The Ebendo Field was responsible for the additional 1,400 bbls/day of production prior to the shut in.
OER owns a 42.75% non-operating interest in the Ebendo Field (OML 56).
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