Continental Focus, International Reach

Seven Energy’s H1 Action is In

Friday, August 28, 2015

In Nigeria’s southeast Niger Delta region, Seven Energy saw deliveries of gas to all five of its contracted customers average 57 Mmcf/d by the end of H1. This was made up of 15 Mmcf/d to Ibom Power, 17 Mmcf/d to Unicem cement factory, 14 MMcf/d to Notore fertilizer plant, 5 Mmcf/d to Calabar NIPP power station, and 6 MMcf/d to Alaoji NIPP power station, which commenced taking gas in May.

As for oil production in H1 the company saw its average combined gross oil production from the Uquo and Stubb Creek fields reach 1,600 bpd, with the net entitlement to Seven Energy averaging 600 bpd. The commencement of oil production from both locations was result of its successful tie-in at ExxonMobil’s Qua Iboe terminal. Oil from the Uquo and Stubb Creek fields was the first third party oil to be exported through this terminal.

The company is progressing its 26 km Oron to Creek Town pipeline, with a significant amount of the land and swamp based sections laid and welded, leaving the 6 km of riverine areas to be completed. Completion and commissioning of the pipeline is scheduled for early-2016, anticipated to coincide with Calabar NIPP power station taking full contractual volumes of gas.

Drilling of Seven’s North-East 1 prospect in the Uquo field area in February marked a discovery for the company, encountering gas reservoirs, as well as oil accumulations in two horizons.

Gross contingent resources (2C) discovered by the well within the original license area amount to 15 million boe. Since then Seven was granted a license area extension adding a further 106 Bcf and 1 million barrels to 2C resources. The additional resources brings Seven’s total at Uquo to 34 million boe.


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