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British Afren finds oil offshore Nigeria, heads to Ghana to drill well

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British oil firm Afren Plc says January 17, 2012 that the Okoro East exploration well, offshore south east Nigeria, has made a significant new oil discovery.

The gas explorer said it “encountered 549 feet true vertical thickness (TVT) of net oil pay – 41 feet of net gas pay in excellent quality reservoir sands.”

Afren said it planned to drill another well offshore Ghana later this month (January).

“With the JS-2 exploration well currently drilling ahead in the Kurdistan region of Iraq, we look forward next to spudding the Nunya-1x (Cuda-2) exploration well offshore Ghana later this month,” Afren’s CEO Osman Shahenshah said in a statement.

By Ekow Quandzie

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