The Nigerian independent, Conoil Producing. has moved a rig to Oil Mining Lease (OML) 103 in a swampy terrain in North Western Niger Delta, to drill an exploration well and, if successful, appraise it immediately with another well.
The Imperial rig, operated by Depthwize, is on location and about to spud.
The tentative name of the wildcat is AX#4. The full name will come after the spud. AX#4 and its appraisal prospect are located in an untested fault block in the pan handle shaped, southern part of OML 103, directly north of NPDC/Elcrest operated OML 40.
The wells are to be drilled to as deep as 11,000feet Measured Depth subsea.
There are plans for a possible two more wells, if the campaign is successful.
AX#4 will be the second exploration well to be drilled in the Niger Delta shelf in the space of six months. The NPDC/Elcrest Joint Venture recently finalized the Sibiri exploration well in OML 40, with initial results indicating 353 feet gross hydrocarbon pay in eight oil-bearing reservoirs, 229 feet being net pay.
Sibiri-1 is, however, located far from the AX#4 probe.
