News
NAOC Discovers Huge Chunk Of Gas, Condensates In N’Delta

Nigeria Agip Oil Company (NAOC), an affiliate of the Italian oil giant, Eni, says it has discovered a significant quantity of gas and condensate in the Obiafu-Obrikom fields in Oil Mining Lease, (OML) 61, onshore Niger Delta.
In a statement in Abuja yesterday, the company said the gas and condensates were discovered in the deeper sequences of the field after drilling up a depth of 4.374 metres.
According to the company, the finding amounts to about one trillion cubic feet (TCF), of gas and 60 million barrels of associated condensate in the deep drilled sequences.
It added that the discovery had further potential that would be assessed with the next appraisal campaign.
“The Obiafu-41 Deep well has reached a total depth of 4.374 metres encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130 metres of high-quality hydrocarbon-bearing sands.
“The well can deliver in excess of 100 million standard cubic feet/day of gas and 3,000 barrels/day of associated condensates, and will be immediately put on-stream to increase NAOC’s gas production,” it said.
The company further disclosed that the discovery was part of a drilling campaign planned by NAOC Joint Venture (JV) and aimed at exploring near-field and deep pool opportunities as an immediate time to market opportunities.
“Eni has been present in Nigeria since 1962, with operated and non-operated production, development and exploration activities on a total of 30,049 square kilometres in the onshore and offshore areas of the Niger Delta.”
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