Eni discovers gas and condensates onshore Niger Delta

By Gulsen Cagatay

ANKARA (AA) - Eni, through its affiliate Nigerian Agip Oil Company (NAOC), has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, onshore Niger Delta, Eni announced in a statement on Tuesday.

According to the statement, the find is about 1 trillion cubic feet of gas and 60 million barrels of associated condensate in the deep-drilled sequences.

Eni stated the well could deliver in excess of 100 million standard cubic feet per day of gas and 3,000 barrels per day of associated condensates.

"The Obiafu-41 Deep well has reached a total depth of 4,374 meters encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130 meters of high quality hydrocarbon-bearing sands," the statement read.

The discovery is part of a drilling campaign planned by NAOC JV, which is aimed at exploring "near-field and deep-pool opportunities as immediate time to market opportunities."

Eni has been present in Nigeria since 1962, and the company through its affiliate NAOC holds a 20% stake in the asset as operator, while state-owned Nigerian National Petroleum Corporation (NNPC) holds the majority 60% interest, and African energy company Oando holds a 20% share.