Nigeria’s crude oil output is set to increase as Otakikpo commence production. Otakikpo is a marginal field in the coastal swamp of Rivers State. It is approximately 60 kilometers South East of Port Harcourt in Rivers State Nigeria.
Green Energy International Limited are the operators of the OML 11, Otakikpo marginal field. GEIL have announced that production would soon commence following a successful test on the production well which was supervised by the department of petroleum resources.
Mr Bunu Alibe, Green Energy’s Technical Director said the field has been given a “Technical Allowable Rate” of 8,350 bopd from the four strings in two wells Otakikpo 2 and Otakikpo 3 for the first quarter of this year. A commercial rate of 5,000 barrels per day has also been given to the company by the Crude Oil Marketing Department of the NNPC.
He further said “Having successfully completed its pipeline from the field to six kilometres offshore in preparation for crude evacuation through a shuttle tanker and finalized its Crude Handling Agreement (CHA) with Amni International Petroleum Development company, GEIL has recently secured an Evacuation Permit from the regulatory body to enable it move its crude to Ima terminal operated by Amin”.
Other milestones noted by the Technical Director, Mr Bunu Alibe include the field development plan and installation of processing facilities. Included is an Onshore 45,000 barrel storage.
He said its Technical Partner Lekoil Oil and Gas Investment Limited are also on board plans of ensuring crude oil export before end the first quarter.
He also mentioned that production from the field could be increased to 10,000 barrels per day.