The Oyo-8 well located in OML 120 offshore Nigeria is producing at a stabilized rate of 7,080 barrels of oil per day, exceeding Erin Energy Corp.’s expectations, the company said in a news release.
Erin Energy is engaged in drilling and completion operations on the Oyo-7 development well and expects to achieve first oil production from the well in a few weeks, according to the release.
Additionally, in preparation for the planned drilling of one of its Miocene exploration prospects later this year, Erin Energy has completed site survey of three of its top prospect drilling locations. The company said last year that it had identified and high-graded to drill-ready status four Miocene exploration prospects, which have a combined 2.4 billion barrels of recoverable P50 prospective resources.
Erin Energy is the operator and has a 100% interest in the well.
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