Nestoil Boosts Goland’s Oriri Project

Goland has secured a jack up rig to drill the operated Oriri field in the shallow offshore Oil Mining Lease (OML) 88 in the south of Nigeria’s Niger Delta basin. The company’s effort to get the field on stream is buoyed by its new partnership with Nestoil, basically an oilfield engineering service firm, which has now become a financing partner in the development of Oriri. The field is one of the 24 marginal fields that the Nigerian government awarded to local independents in 2004, to boost indigenous capacity and increase the Nigerian percentage in the total volume of oil produced by the country. Goland’s progress on the field slowed down considerably after the initial technical partner, Vitoil, abandoned the project as a result of community disturbance. The company may be drilling Oriri 2, a new well, anytime soon.