NDPR seals Omerelu farm-in

Nigerian indigenous player Niger Delta Petroleum Resources (NDPR) has finally executed a farm-in to Chevron’s marginal Omerelu field on OML-53, formerly operated by the US supermajor on behalf of the Nigerian National Petroleum Corporation (NNPC).

Omerelu hosts 13 million barrels of proven and probable reserves, plus a recoverable 8 billion cubic feet of gas.

NDPR also becomes operator of the field on 100%. Swiss outfit Petrolin Group will have an indirect stake through its 9.7% holding in NDPR parent Niger Delta Exploration & Production (NDEP).

‘Located to the north-east of our existing Ogbele (marginal field), and with adequate oil and gas reserves to justify a field development plan, Omerelu is a very welcome addition,” said NDPR managing director Layi Fatona.

NDPR, a subsidiary of NDEP, was originally granted right of first refusal for Omerelu, at the same time that it negotiated and executed the Ogbele farm-out in 2000, on the basis that this right could only be exercised when Chevron declared Omerelu to be a marginal oil field - which it eventually did six years ago.

The Ogbele gas processing plant provides the sole associated gas supply to the Bonny liquefied natural gas export terminal not produced by the major joint ventures. It was the first marginal oil field to reduce gas flaring to zero from its operations.

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