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Afren takes over Energy oil

An indigenous oil firm, Afren Plc, has acquired Energy Equity Resources Oil and Gas’s residual license interest in OML 115, offshore South-East, Nigeria.

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

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


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