Sirius Petroleum Plc (LON:SERP) is looking forward to drilling at the Ororo field, in Nigeria, where location approval has now been given by the marine warranty surveyor.
The approval will allow drilling at the proposed Ororo-2 and Ororo-3 wells . Rig mobilisation operations are now underway, and drilling is anticipated to start next month for Ororo-2.
Ororo-2 is designed to penetrate the ‘D Sands’ targets, as well as the deeper ‘G Sands’ which are due to be completed for production.
It is envisaged that Ororo-2 will yield 2,700 barrels of oil per day and 6mln cubic feet of gas, based on the findings of an existing competent persons report which valued Sirius’s stake in the field at US$96mln.
"We are delighted to be informed that COSL has finally secured the confirmation from the Marine Warranty Surveyor of the acceptance of the surface location of Ororo-2 and Ororo-3 wells enabling us to announce the mobilisation of the COSL Force jack-up rig,” said Bobo Kuti, Sirius Petroleum chief executive.
“This is a milestone for Sirius as we embark with our operational partners on the first of our drilling programmes.
“We are delighted to be working alongside COSL as our rig partners and thank them for the excellent work they have done on mobilisation and we look forward to the commencement of the well campaign operations on Ororo-2 in the coming months."