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Afren acquires OML 115 offshore licence

ENUGU — An indigenous oil firm, Afren Plc, says it has acquired Energy Equity Resources Oil and Gas’s residual licence interest in OML 115, offshore south east Nigeria.

Disclosing this to newsmen, Chairman of Afren, Egbert Imomoh, said with the recent acquisition,  Afren’s net licence interest in OML 115 has increased from 32.5 per cent. to 40 per cent. He noted that extensive technical work had been carried out on OML 115, to identify significant additional potential within the D series reservoir intervals

Imomoh added that the Ebok Deep exploration well established a working hydrocarbon system and high quality reservoir sands with dip potentials in Biafra and Isongo intervals that are believed to also extend throughout OML 115.


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