Erin Energy's Oyo-8 Well Offshore Nigeria Exceeds Expectations

Independent oil company Erin Energy Corporation announced Monday that its Oyo-8 well offshore Nigeria has exceeded expectations by producing a stable rate of 7,080 barrels of oil per day. 

Erin Energy is the operator of Oyo-8 and holds a 100 percent interest in the well. The company is currently undertaking drilling and completion operations on its Oyo-7 development well and expects to achieve first oil production from the site in the next few weeks. 

Erin Energy Senior Vice-President of Exploration and Production Segun Omidele commented in a company statement: “We are pleased with the Oyo-8 well’s performance and delighted that well parameters are stable. We plan to continue this very cautious well management approach and expect to bring Oyo-7 on production in a similar manner. We are advancing both our development and exploration work offshore Nigeria and look forward to an exciting second half of 2015.”

CAMAC awaits Oyo well production. Changes name to Erin Energy

CAMAC Energy Inc. has informed that the Floating Production, Storage, and Offloading vessel (FPSO) Armada Perdana will be ready for production from the Oyo-8 well, offshore Nigeria, in one week’s time.

The owner of the vessel, Malaysia’s Bumi Armada Berhad, informed the company that the renewal of the FPSO’s class certification is now expected to be completed by April 24, 2015.

According to CAMAC, the Oyo-8 well, located in the Oyo field offshore Nigeria, is ready to start production into the FPSO upon the vessel’s class certificate renewal.