The FederalÂ government has announced that 40 development wells were drilled during the first quarter 2010 as against 27 which was drilled during the same period of 2009.
This submission was handed down by the Director, DepartmentÂ of Petroleum Resources (DPR) Mr Billy AghaÂ at the 2010 first quarter media briefing which held recentlyÂ in Lagos
Two wells to one exploratory and one appraisal were approved for drilling during the quarter but none has been spudded.
The Director also stated that about 19 seismic processing/ reprocessing activities were ongoing by Total, Chevron, ExxonMobil, Allied Energy and Yinka Folawiyo during the quarter, while twenty two rigs were in operation during the first quarter as against twenty_fiveÂ recorded during the 1st quarter of 2009.
â€œA total of 3,827 sq Km of 3D seismic acquisition was approved for six E & P companies during the quarter, and total of 147 Sq Km (3_D) of seismic data was between January and March 2010 as against 1,070.12 Sq Km acquired in the 1st Quarter of 2009. Percentage decrease is 628 percent as only Exxonmobil acquired 3_D seismic data, in 1st quarter.â€ Billy said.
According to him, â€œThe Technical Production Allowable for the first half of 2010 was 2,501,682 bpd compared to 2,605,618 bpd for the same period in 2009,Â And the production deferment for the first quarter of 2010 are as follow; January 2010: 522,869 bpd, February 2010: 507,199bpd, March2010: 311,337bpd.
The average deferment for the first quarter of 2010 is 447,135bpd as Chevron wells that were hitherto shut in came on stream in March, 2010, thus bringing down the deferment in March. This was as a result of the Niger Delta crisis and operational problems.â€
â€œTwenty six marginal fields were awarded, sixÂ fields ( Niger Deltaâ€™s Ogbelle, Platform petroleumâ€™s Umutu, Walter Smithâ€™s Ibigwe, Midwesternâ€™s Umusadege, Pillarâ€™s Umusati/Igbuku and Energiaâ€™s Obodoguwa) are currently in production while others are at various levels of deferment.
In the reserve position, the audit of Oil and Gas Reserves of all E &PÂ Â Â companies in the country, is ongoing, the audit exercise is to validate and authenticate the reserve figures submitted to DPR by companies, and will be concluded by the first half of 2010.
Other activities are the unitisation of stradled fields in the current focus to ensure proper reservoir development and resource management, work program presentations by all E&P production companies in progress, to review past activities and future plans, twenty E&P companies have so far presented their 2010 work program to DPR, five (5)deepwater fields currently on production (Abo, Bonga, Erha, Akpo and Agbami) with a total average daily oil production of about 780,000bpd, others are at different stages of project development.