The Oil Bloc
Your first choice for oil industry news

- Advertisement -

Dangote’s WAEP to start production in 2019

0

A subsidiary of Dangote Industries Conglomerate, WAEP, has refurbished part of the production facility on the Kalaekule field in Oil Mining Lease (OML) 72 in shallow offshore, Central Niger Delta Basin, off Nigeria. Together with its partner, NNPC, it is hoping to achieve some production by the end of 2019.

“Everything points towards some output by the end of the year”, a source from the National Petroleum Investment Management Services (NAPIMS) said.

WAEP purchased 45% of OMLs 71 and 72 from Shell, TOTAL and ENI for $300Million in March 2015. Kalaekule produced crude oil between 1985 and 2002, peaking in 1999 at 22,000BOPD.

“We have established that some wells can flow, and we have done a minor refurbishment of the platform”, said the source, a ranking official at the NAPIMS, the arm of the state hydrocarbon company NNPC which oversees the project with WAEP.

The partners have finalized integrity assessment and status evaluation and what remains is to do enough repair works to flow some crude, perhaps 2,000BOPD, to begin with.

Source Africa Oil and Gas Report
You might also like

Leave A Reply

Your email address will not be published.

Translate »