Italian Oil Major Makes Huge Gas Discovery In Nigeria

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Oil

Wednesday, August 28,2019

Italian oil major, Eni, said on Wednesday that its Nigerian subsidiary Agip has found lots of gas and oil in an onshore facility in the Niger Delta.

Eni operated Nigerian Agip Oil Company (NAOC) made the discovery in the Obiafu-Obrikom fields.

It said the Obiafu-41 deep well had reached a total depth of 4.374 m, encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130m of high-quality hydrocarbon-bearing sands.

“The find amounts to about 1 trillion cubic feet of gas and 60 million barrels of associated condensate in the deep drilled sequences,” the statement by the oil major added.

“The well can deliver in excess of 100 million standard cubic feet/day of gas and 3,000 barrels/day of associated condensates, and will be immediately put on-stream to increase NAOC’s gas production.”

The statement added that Eni has been operating in Nigeria since 1962 and produces 100,000 barrels of crude oil per day.

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