General News
New Oil Discovered
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- Published on Thursday, 21 February 2013 17:29
- Written by The News
...African Petroleum, NOCAL Confirm
A new oil discovery has been announced offshore Liberia. The discovery was made by African Petroleum Corporation at the Bee Eater-1 Well in Multiple Zones Block LB-09.
A joint press release issued by the National Oil Company of Liberia (NOCAL) and African Petroleum did not state the specific date of discovery, however, the two institutions announced the discovery on 20 February 2013.
The release said that Bee Eater –1 Well was drilled 9.5 km west of the original Narina –1 oil discovery and was targeting the same formations as the previous Well.
The joint statement signed by Pierre Raillard, the West Africa Director of African Petroleum Corporation Limited and Israel Akinsanya, NOCAL, Vice President for Public Affairs, the company confirmed that it has encountered 48 metres of oil Bearing Turonian sandstone, in the same sequence as the discovery In Narina–1.
However, the company indicated that the reservoir permeabilities over the hydrocarbon Bearing Section of the Well are lower than anticipated and further investigation is underway.
In addition, African Petroleum also confirmed that the Bee Eater –1 encountered 14 Metres of Albian oil bearing sandstone in the Darter prospect, indicating that the potential of the Albian play.
According to the company, whilst these results are encouraging and to confirm hypothesis, more studies and exploration drilling will be needed before reserve numbers are confirmed and development planned.
African Petroleum has also indicated that it is currently sourcing an alternative Rig to the Eirik Raude, to continue its exploration activities in Liberia.
