Jan 9, 2013

African Petroleum BeginsTwo-Well Drilling Offshore Liberia

African Petroleum Corporation Limited kicked off its two-well drilling program in Block LB-09 offshore Liberia on January 4, 2013 with Ocean Rig’s semi-submersible rig, the Eirik Raude, the company announced yesterday. It is currently drilling the Bee Eater-1 well in Block LB-09 offshore Liberia.

The Bee Eater-1 well, the company said in a statement issued yesterday, is located 9.5 km northwest of the 2012 Narina discovery which discovered high quality oil in Turonian reservoirs. The Bee Eater -1 well will test a potentially westerly extension of the Narina-1 Turonian oil discovery in an axial position of the fan for improved reservoir quality and is located up dip of the postulated Narina -1 OWC, Africa Petroleum said in its statement signed by Karl Thompson, the company’s chief executive officer.

Mean recoverable un-risked prospective resources for the Bee Eater/Narina fan system, which extends over an area of 300 sq km, are estimated as 840 million of oil barrels (840MMstb) and 2396 MMstb for the additional prospects identified on Blocks LB-08 & LB-09 (3236 MMstb in total).

The second well in this drilling program, the company said, will be drilled with the Eirik Raude in Liberia following immediately after completion of the Bee Eater-1 well. “A number of potential well locations in Blocks LB-08 & LB-09 are under consideration dependent on the outcome of the Bee Eater-1 well,” Africa Petroleum disclosed.

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