The drilling has reached a total depth of 4,000ft and intends to target a depth of 10,000ft which will enable the appraisal of any reserves that may be present in the five hydrocarbon bearing sands that were encountered while drilling the EB-4 well.
The sands’ fluid contents were not conclusively determined during the drilling of EB-4, as they were not the primary targets of that drilling program.
Oando Energy Resources holds a a 42.75% non-operating interest in the Ebendo (OML-56) field.
OER currently has a broad suite of producing, development and exploration properties in the Gulf of Guinea (predominantly in Nigeria) with current production of approximately 4,500 barrels of oil per day.
