Afren announces oil discovery off Nigeria coast

2012-01-17 14:41

Afren PLC says it has discovered a new oil find just off Nigeria’s southern coast.

In a statement released today, the London-based firm says they discovered oil deposits “equivalent to those that have been developed and are in production at the Okoro main field”.

The Okoro field now produces roughly 14 600 barrels of crude oil a day, according to company statistics.

Afren says it will carry out further testing at the site and plans to continue exploration around the area.

Afren is a partner in the find with Nigerian oil firm Amni International Petroleum Development Company Ltd.

The find is the latest as oil companies continue to look at offshore fields in Nigeria, an OPEC member nation that produces about 2.4 million barrels of crude a day.

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