NNPC,Efe Deepwater Oil discovered by an indigenous firm

Newcross Petroleum Limited, the
Operator of Oil Prospecting Lease
(OPL) 283 (formerly OML56) under
a Production Sharing Contract with
NNPC (as the concessionaire), has
announced the Efe discovery with
the support of Nigeria National
Petroleum Corporation (NNPC) and
the Department of Petroleum
Resources (DPR).
According to the Strategic Team
Lead, New Cross Petroleum, Mr
Bashiru Idowu, “the success of
Efe-1ST is a confirmation of the
support NNPC and DPR have
expressed in newly emerging
companies willing to significantly
add to the national hydrocarbon
reserves.”
Mr Evi Otobo, one of the technical
team leads said that EFE-1ST tested
a four-way dip closure at the
shallow levels gradually becoming
fault-dependent hanging wall
closures at intermediate to deeper
levels.
At much deeper levels, the dip
directions can change with closures
moving to the footwall against
south-bounding faults to explore
EFE-main shallow, intermediate
and deeper plays of the middle-
upper Eocene reservoirs. EFE-1ST
well is located in the Efe field of
the OPL 283 block, which is in the
Northern Niger Delta Depobelt. EFE
1ST was successfully drilled to a
total depth of 14,086ft MD (12,720ft
TVD) and encountered sixteen (16)
hydrocarbon-bearing sands with
gross hydrocarbon thickness of
648ft TVD. Work is ongoing to
determine the size and commercial
viability of this discovery.
This discovery represents an
important step towards unlocking
the deep potentials in OPL 283.
EFE-1ST will be temporarily
suspended while the company
moves ahead to drill EFE-B. OPL
283 is in the Northern aspect of the
Niger Delta. Formerly known as
OML56, the block has a total size of
1272 sq. km, with a number of
marginal fields within the
boundary of the acreage. The
Production Sharing Contract is
assigned to Newcross Petroleum and
Rayflosh Petroleum.
Newcross Petroleum Limited, the
Operator of OPL-283 has been in
operation in Nigeria since 2004 as
an exploration and production
company. The Company is
primarily focused on the upstream
industry, harnessing exploration
and production opportunities in the
African continent with current
emphasis on the Niger Delta
Petroleum Province and the West
African sub-region. Newcross
acquired the interest of Centrica
Resources (Nigeria) Limited and
CCC Oil and Gas in two acreages in
Nigeria.