AGEL Resumes Production on OML 17

A(AGEL), the operator of the Ubima Marginal Field, OML
17 has commenced production and extended well test programme from
the Nigerian onshore field. This is Sequel to triumphant re-entry, work over and completion of Ubima-01 well, The ground breaking event was
observed by company’s top management and major stakeholders
who gathered to usher in a new beginning of this well owing to its
abandonment for decays. This milestone achievement coming from
an indigenous company All Grace Energy Limited (AGEL) and its
partners has being described as an unprecedented technical know-how in the oil and gas upstream industry in Nigeria as the field had been written off as uneconomical. It should noted that Nigeria
Department of Petroleum Resources (DPR) has approved the Extended
Well Test for the Ubima-01 well for All Grace Energy Limited recently and the company commenced crude evacuation from the well test via
trucking to the Otakikpo Marginal field for further storage and eventual crude evacuation and export. The Company expects to ramp up to about 2000 bopd subsequently. OML 25 was discovered by SDPC since 1963 but had been left undeveloped for close to six(6 )decades. The well test program will provide valuable subsurface and production information (PVT data, reservoir pressures, reservoir drive mechanism, reserves, recovery factors etc), all of which are critical to understanding planning future field development. For the full field development plan (FDP), All
Grace Energy Limited (AGEL) is under discussions with a consortium of international stakeholders (financiers) to drill more wells and upgrade existing facility to accommodate the increased production target of
20,000 barrels per day. The FDP also includes the construction of a
20 inch, 120km pipeline from the Ubima field to the proposed Otakikpo Onshore Terminal. This plan is imaginative and unprecedented for an indigenous Company and it is expected to provide a groundbreaking
infrastructure for the Nigerian E&P across the Eastern Niger
Delta. The pipeline is expected to pass through or straddle several prolific but hitherto stranded marginal fields, thereby unlocking the potential of the fields for faster, cheaper and more efficient export route to the market.The Technical Director of AGEL,“This marks a major step
forward for us and our partners, to fully develop the Ubima field,
we shall work hard to fully develop the field. Our intention is to be the benchmark for developing and maximizing hydrocarbons in the country in a most environmentally compliant manner.”
Dr. Lyberty Udochu, commended the team efforts towards achieving this significant milestone and noted that while the team continues to develop and maximize the field’s potential, the operations must be carried out in the
most environmentally compliant manner. He also said that the
community relations cannot be overemphasized and that the Company will always consider the community’s interest and carry Community along in the field’s development dealings while ensuring full compliance with the terms and conditions of our MOU with them. AGEL’s director for Corporate Affairs, Mr. Taiwo Onasile re-emphasized that

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