Afren
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| Type | Public (LSE: AFR) |
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| Industry | Oil and Gas |
| Founded | 2004 |
| Headquarters | London, United Kingdom |
| Key people | Egbert Imomoh (Chairman) Osman Shahenshah (CEO) |
| Revenue | US$596.7 million (2011)[1] |
| Operating income | US$268.2 million (2011)[1] |
| Net income | US$121.7 million (2011)[1] |
| Website | www.afren.com |
Afren plc (LSE: AFR) is a London-based oil and natural gas exploration and production corporation.
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Contents
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History
The Company was founded in 2004 with the vision to become the premier pan-African independent exploration and production company.[2]
Since the Initial Public Offering in March 2005, Afren has rapidly expanded its portfolio across six countries: Nigeria, São Tomé & Príncipe JDZ, Gabon, Republic of the Congo, Côte d'Ivoire and Ghana.[3]
Operations
The Group is currently producing circa 22,000 barrels (3,500 m3) of oil equivalent per day from its current portfolio.[4]
Okoro Setu Fields (OML 112)
The Okoro Field ("Okoro") and Setu Field ("Setu") are two oil fields located in OML 112 in shallow water offshore Nigeria, which were originally awarded to Amni - a well established indigenous oil company - in 1993 as part of the Nigerian government's indigenous licensing programme. First oil was achieved during June 2008 when production from the first two production wells drilled commenced at a rate in excess of 3,000 barrels (480 m3) of oil per day from each well. A further five wells were subsequently drilled, completed and brought onstream. The wells drilled were a mixture of horizontal and highly deviated penetrations of the reservoir intervals. The field is currently producing at a rate of 22,000 bbl/d (3,500 m3/d) from all seven wells.[5]
Ebok
Ebok is an undeveloped oil field located in OML 67, 50 km offshore in 135 ft (41 m) of water in Nigeria's prolific south eastern producing area. The field was discovered by the ExxonMobil / NNPC JV in 1968 (M-QQ1 (Ebok-1)), and two subsequent appraisal wells were drilled in 1970 (Ebok-2 and Ebok-3). First oil was originally targeted in H2 2010[6] but was subsequently pushed back to February 2011.[7]
Notes
- ^ a b c Preliminary Results 2011
- ^ Alfren: About us
- ^ How Afren rewrote the rules on developing Africa's oil wealth Daily Finance, 13 February 2011
- ^ Company Overview
- ^ Okoru Overview
- ^ Ebok Overview
- ^ Ebok start up delayed
External links
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