OER holds a 40 per cent working interest in the field. As technical services provider, OER, together with the operator and 60 per cent owner Network Exploration and Production Nigeria Limited (NEPN), worked on the field from conceptualisation, through development, to first oil delivery.
The crude processing facility was commissioned in Q4 2014 but commercial production was delayed until the completion of the associated cluster crude delivery and sales infrastructure into the Qua Iboe Terminal.
Oando Energy Resources CEO Pade Durotoye said, “We are delighted to have achieved this milestone, having taken this field through the full cycle of asset development, from drilling to facility engineering, construction and commissioning, and also increasing our organic production contribution from our portfolio.
“We will now be focusing our attention on maturing the potential of this field through seismic acquisition and interpretation, and a possible multi-well drilling programme. We hope the Qua Iboe field will follow in the footsteps of our successful Ebendo field, where production has increased from gross 900 bpd at the inception to over 7,500 bpd through the identification and drilling of new reservoirs in the field.”
Qua Iboe is located at the mouth of the Qua Iboe River in the eastern Niger Delta and covers an area of 14 sq km. The field is immediately adjacent to the ExxonMobil Qua Iboe Terminal.