Petroleum Africa
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Thursday, February 26, 2015
Seven Energy Finance Ltd. saw a gross oil production rate of 61,200 bpd from OMLs 4, 38, and 41 during Q4. For the full year the company saw gross rates of 52,500 bpd. It also saw gas deliveries averaging 22 Mmcf/d in Q4, resulting in full year average gas deliveries of 23 Mmcf/d.
The company commenced gas supply to the Unicem cement factory utilizing its own gas production in November from the Uquo marginal field. It also saw the Calabar NIPP commence pre-commissioning of the gas pipeline to the Calabar NIPP power station from its East Horizon gas pipeline, with the 21-km, 24-inch pipeline pressurized to 30 bar.
On OML 13 Seven successfully completed Uquo wells 7 and 8 during Q4 and during Q1 2015 these wells are fulfilling combined gas deliveries of up to 85 Mmcf/d, with expected combined production from the two wells to be greater than 140 Mmcf/d. Seven’s FUN Manifold project secured approval to introduce hydrocarbons into ExxonMobil’s Qua Iboe terminal in this month, allowing oil sales from the Stubb Creek and Uquo marginal fields to commence. It also saw the successful drilling of the North-East 1 prospect on the Uquo marginal field in February. The well encountered oil and gas during drilling.
Accugas Ltd., Seven Energy’s gas marketing and distribution company, entered into two new gas sales agreements with Alaoji Generation Co. Ltd. and Notore Chemical Industries PLC in January 2015.
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