Oando Reports Significant Gas, Condensates Find By JV With NNPC/NAOC

Oando Plc, on Wednesday, said one of its Joint Venture partners with the Nigerian National Petroleum Corporation (NNPC), Nigerian Agip Oil Company (NAOC), an affiliate of Italian corporation, Eni has made significant gas and condensates discovery onshore in the Niger Delta.
The find amounts to around 1 trillion cubic feet of gas and 60 million barrels of associated condensate, with further potential to be assessed with the next appraisal campaign.
The discovery made in the deeper sequences of the Obiafu-Obrikom fields in OML61 will be immediately put on stream to increase the JV’s gas production, Eni said.
The NAOC JV, according to a statement by Toyin Jolapamo of Oando Group, holds 20% and acts as an operator; while the NNPC which holds 60%. Oando PLC also owns the remaining 20%.

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