ASHARAMI ASSETS

OML 148

871 Square Km

Block Area Span

OML 148 formerly operated by SPDC as OML 1, was awarded as OPL 274 to Asharami’s subsidiary, Enageed Resource Limited (Enageed) during the 2007 License Bid Round. The block spans an area of approximayely 871 km2 (215,212 acres). Enageed, operator of the block with 100% participating interest, acquired the block with three discovered fields; Pologbene, Tonjor and Oki. 

Between 2011 and 2014, Enageed acquired an approximate of 650 sqkm area coverage of land 3D seismic data. This data was put through a fasttrack PSTM processing and subsequently reprocessed in depth domain (PSDM). Enageed went on to drill three successful exploration and appraisal wells as a fulfillment of its PSC work obligation which led to the conversion of the block from OPL 274 to OML 148

Enageed is currently producing over 4,000 bopd from one well in the Oki-Oziengbe South field. Ongoing field development and upgrade of the Oziengbe flowstation to handle 30,000 bopd would allow production to reach 20,000 bopd in 2020.

In addition to the three known fields on the block, Asharami Energy discovered the Oluegi field, via long-reach exploratory well with a 3km offset from the surface location to the TD. An appraisal drilling program is being planned to prove additional reserves and develop the field.

Assets FEATURES

Discovered Fields

OML 148

Current Production

4000 bopd

bopd (Barrels of Production daily)

Projected Production

20,000 bopd

bopd (Barrels of Production daily)