Oando announces ‘significant gas discovery’ in Niger Delta
Oando PLC through its upstream subsidiary Oando Energy Resources on Wednesday said it has made a significant gas and condensate discovery in its fields in the Niger Delta.
Details showed that the NNPC owns 60 per cent stake in the project, while Oando and NAOC, the operator controls 20 percent each. The Obiafu-41 Deep appraisal/exploration well has reached a total depth of 4.374m encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130m of high quality hydrocarbonbearing sands, it said.
“The discovery has further potential that will be assessed with the next appraisal campaign,” Oando said in its disclosure. “The well can deliver in
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