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Thursday, April 14, 2016
Lekoil’s Otakikpo-002 well on Nigeria’s Otakikpo Marginal Field saw a successful test conducted. The well flowed oil from two upper zones during two production tests, with the C5 zone flowing at a peak rate of 6,404 bpd and the C6 flowing at a peak rate of 5,684 bpd.
Production testing at the well was curtailed due to storage capacity limits on well-testing equipment. The company expects to start commercial production by the end of Q2.
As previously reported in September 2015, the lower E1 zone produced from the first of four planned production tests, flowing oil at various choke sizes for over 24 hours at a peak rate of 5,703 bpd at a 36/64 inch choke. However, during completion operations the well encountered cementing issues resulting in the temporary suspension of the E1 zone to allow remedial work to take place. To keep Phase 1 of the Field Development Plan (FDP) on track and under budget, the Company prioritized production from the second and third planned production zones, in the C5 and C6 reservoirs, and will pursue development options for the E1 zone in the future. The encouraging flow tests of upper zones, C5 and C6, reconfirm the sizeable potential of the oil field.
Following the completion of Otakikpo-002, well re-entry operations on the Otakikpo-003 are expected to begin later in Q2 and will target the E1 and C5 zones. Lekoil expects to commence commercial production from Otakikpo-003 in Q3 and expects to be producing 10,000 bpd by the end of the year. The facilities construction and permits are at an advanced stage to meet the company’s timeline for commercial production.
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