Erin Energy set for first crude oil lift from Armada Perdana FPSO

Erin Energy Corporation, until recently known by the name of Camac Energy, is looking at the imminent first oil lifting of oil from the Armada Perdana FPSO at the Oyo oil field in Nigeria.

In an operational update issued today, the company has informed that its current average production from the Oyo field, offshore Nigeria, is in excess of 14,200 barrels of oil equivalent per day (“boe/d”) and is 94% oil. The company is continuing further production optimization efforts on both the Oyo-7 and Oyo-8 wells, Erin Energy disclosed.

The Oyo-7 and Oyo-8 wells are producing into the Floating Production Storage and Offloading vessel (“FPSO”), Armada Perdana, and Erin Energy has scheduled the first lifting from the FPSO for sale of at least 300,000 barrels of crude oil to occur mid-July, with a second lifting scheduled for end-July, it added.

Segun Omidele, Senior Vice President of Exploration and Production said: “Since becoming operator in February 2014, we are pleased with the increase in current production from an average of 1,300 boe per day in 2014 to more than 14,000 boe per day today. Drilling these two deepwater wells as 100% owner and operator is a testament of our operational abilities and we are very proud of our team. The cash flow generated by these two wells will contribute to our ongoing exploration and development efforts offshore Nigeria.”

Elsewhere in Africa, in The Gambia, Erin Energy said it received the necessary permits for the 3D seismic acquisition from the government of The Gambia, and the company expects to start the acquisition this month. Erin Energy will acquire approximately 1,500 square kilometres of 3D data over blocks A2 and A5.

The company further said that its A2 block is on trend with the recent offshore Senegal oil discoveries, and that Erin Energy is in continued discussions with potential farm-in partners on the blocks


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