Oando Energy Resources Inc. (OER.TO), a company focused on oil
exploration and production in Nigeria, today announced an update
regarding the damaged 10 inch Kwale-Akri oil delivery pipeline that
is operated by Nigerian Agip Oil Company Limited (NAOC) and
connects OER's Ebendo Field (OML 56) to the Brass export
The Kwale-Akri pipeline has been fully repaired and has
commenced operations with reduced volumes being injected into the
pipeline for testing, to ensure full integrity before full volume
capacity is attained. Gross production from the Ebendo Field (OML
56) has recommenced at approximately 2,000 bbls/day, (900 bbls/day
net to OER) with a gradual ramp-up to full gross production of
4,000 bbls/day expected over the next several weeks, as full
pipeline integrity is confirmed.
Prior to the Kwale-Akri pipeline shut-in, OER was producing
approximately 4,600 bbls/day from its two producing assets, the Abo
Field (OML 125) and the Ebendo Field. The Abo Field produces 3,225
bbls/day into a floating, production, storage and offloading unit
and has not been affected by the pipeline disruptions. As stated
above, The Ebendo Field is currently producing 900 bbls/day of
production (net to OER), resulting in OER currently producing a
cumulative total of 4,125 bbls/day.
OER owns a 42.75% non-operating interest in the Ebendo Field
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