Atlas Petroleum International has resumed activities at OML 109 to enhance production from the Ejulebe marginal field.
The licence was awarded to Atlas Petroleum International in 1991 and the block entered into production through the development of the Ejubele discovery in September 1998.
According to a statement by the company, OML 109 consists of 14 identified and mapped prospects and leads and un-risked resource potential in excess of 500 million barrels of oil equivalent.
“Its low-cost operating environment in shallow water and proximity to existing oil and gas infrastructure such as the Escravos Terminal makes it one of the most attractive assets in the Niger Delta, with significant untapped and under-explored hydrocarbons potential,” it said.
Arthur Eze, executive chairman of Atlas Oranto, said the company expects that the ongoing wells intervention will deliver quick wins on the recovery and enhancement of production from the field.
“The renewed development of OML109 will bring a boost to local content development in Nigeria, and support the industry’s recovery following the COVID-19 crisis.
“As Nigeria multiplies efforts to build domestic capacity and develop the Nigerian content, we intend to live up to expectations as one of the country’s major indigenous player.
“We expect the ongoing wells interventions on OML 109 to deliver quick wins on the recovery and enhancement of production from the field, and express our thanks to the Department of Petroleum Resources for facilitating all permits.”
The company currently hold 22 oil and gas licences in 11 countries and the production sharing contract of the OML 109 expires in 2037.