The Nigerian National Petroleum Corporation can back into the Agbami project only when Texaco applies for a development licence. Statoil has now completed an extended test programme on Ekoli-1 in permit OPL-217, which was an appraisal of the Agbami structure discovered in the adjacent block OPL-216. Texaco holds significant stakes in both these neighbouring blocks that contain Agbami reserves. Statoil has now spudded its debut well on deep-water block OPL-218.
Statoil ready to roll out results of Ekoli
NORWEGIAN major Statoil is expected to confirm results soon from its Ekoli exploration well off Nigeria amid intense interest as to how the broader Agbami oilfield project will proceed after a required unitisation agreement.
13 October 2000 0:00 GMT
Updated
13 October 2000 0:00 GMT