The Operator of the Otakikpo field announced the commencement of the phase two development of the Otakikpo Marginal Field located at the Oil Mining Lease (OML) 11 in Rivers State with the drilling of two development wells. The indigenous integrated energy company announced this at the weekend, as the company confirmed it had mobilised the rig and vendors for the execution of the drilling program. Green Energy International Limited currently operates the field via a 10,000bpd oil handling, a 20MMscf gas handling processing equipment and 20,000bpd export facilities. Commenting on the field development, the CEO of Green Energy International Limited, Prof. Anthony Adegbulugbe, said: “the production ramp-up will make GEIL the highest producer amongst marginal field producers in Nigeria. He also confirmed that drilling of the first two wells is part of a staged approach to the field phase 2 development.

Source: The Guardian April 22, 2022 04:04 UTC