Awarded to Atlas Petroleum International in 1991, the block began production in September 1998 as a result of the development of the Ejubele discovery.
OML 109 comprises 14 prospects and leads identified and mapped, and an unrisked resource potential exceeding 500 mmbbl of oil equivalent. Its low-cost operating environment in shallow water and its proximity to existing oil and gas infrastructure such as the Escravos Terminal make it one of the most attractive assets in the Niger Delta.
Prince Arthur Eze, executive chairman or Atlas Oranto, said, “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.”
Atlas Petroleum International and Oranto Petroleum represent one of Africa’s largest Nigerian and privately-held exploration and production group. Holding 22 oil and gas licenses in 12 jurisdictions, the companies currently have an extensive footprint across the African continent
The Captioned Photo: Prince Arthur Eze, Executive Chairman or Atlas Oranto