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Afren taps Adriatic IX jackup for offshore Ebok development

Afren and its partner Oriental Energy Resources have signed a drilling contract for the Transocean Adriatic IX jackup drilling rig for the Ebok Field oil development offshore South East Nigeria.

Commencing operations in September 2009, the Adriatic IX jack up drilling rig has been secured at a rate of US $97,000 per day for the first 250 days of operations, with a rate of US $85,000 per day there-after, based on a 425 day extension.

The Adriatic IX rig will be used to carry out an extensive drilling campaign at the Ebok Field located in OML 67, offshore Nigeria. Pending Government approval of the formal Field Development Plan, Ebok Field development will commence with the drilling of six horizontal production wells and one vertical water injection well.

Two appraisal wells to test the additional upside potential within the Ebok West Fault Block and D2 Southern Lobe of the Field will also be drilled.


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