WorldStage Newsonline-- Green Energy International Limited (GEIL), the operator of Otakikpo Marginal field in OML 11 has been given the "Technical Allowable Rate” of 8,350 bpd from the four strings in 2 Wells: "Otakikpo 2"and " Otakikpo 3" for the first quarter of 2017.
A statement of the company's Technical Director, Dr Bunu Alibe said the Commercial Allowable Rate of 5,000 bpd was approved for February this year by the Crude Oil Marketing Department of the Nigerian National Petroleum Corporation (NNPC) following the successful completion of Maximum Efficiency Rate (MER) test on the production wells of the field that the Department of Petroleum Resources (DPR) supervised, the firm will commence continuous full production and evacuation from the field soon.
The statement said, having successfully completed its pipeline from the field to six km offshore in preparation for crude evacuation through a Shutttle 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.
Alibe noted that other milestones already achieved by the company included the approval of its Field Development Plan , the installation of its processing facility, completion of an onshore storage facility of 45,000 barrel capacity.
He said the company and its Technical Partner- Lekoil Oil and Gas Investment Ltd were poised to follow through all processes towards crude oil export before the end of the quarter.
According to him, the field had the capacity of adding about 10,000 bpd to the national production within a short period of time.
The statement expressed appreciation of the company to all regulatory agencies and other stakeholders for their support in bringing the field to production.
It also thanked the Technical Partner and all its employees for their efforts in achieving the milestones.
It said that as part of its commitment to uplift the socio economic status of the host communities, the company was embarking on the immediate installation of 6 Megawatts electricity plant while ensuring that the Trust Fund set up to finance development projects and managed by the community are adequately funded.
The statement said: "Under a Farmout from SPDC JV, the Federal Government awarded the Marginal field to Green Energy which it designated as the Operator, to implement the company’s innovative Small Scale Gas Utilisation Programme "SSGUP".
“Otakikpo field was identified as one of the suitable sites for a pilot programme that offers unique solution to utilize the gas from the field for power generation, and LPG production for domestic cooking gas.The company in collaboration with its Technical Partner began the re- entry efforts on the two wells in 2015."