By Dipo Olowookere
One of the oil giants in Nigeria, Atlas Petroleum International, has resumed workover activities and well interventions on OML 109 in Nigeria.
The company recommenced the development of the oil asset over the weekend in order to enhance production from the Ejulebe marginal field.
The OML 109 comprises 14 identified and mapped prospects and leads, and 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 oil mining licence was awarded to Atlas Petroleum International in 1991, while the block entered into production through the development of the Ejubele discovery in September 1998.
Atlas Petroleum International and Oranto Petroleum represent one of Africa’s largest Nigerian and privately-held exploration and production group.
The companies currently have an extensive footprint across the African continent, holding 22 oil and gas licenses in 12 jurisdictions.
Commenting on the latest development, the Executive Chairman of Atlas Oranto, Prince Arthur Eze, stated that, “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.”
He further said, “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 (DPR) for facilitating all permits.”
