The Otakikpo Marginal field in OML 11, supervised by the Department of Petroleum Resource (DPR), owned by Green Energy International Ltd will commence continuous full production and evacuation of about 5000 barrels per day from the field soon.
Consequently, the Otakikpo field has been given a “Technical Allowable rate” of 8,350 bpd from the four strings in 2 wells: “Otakikpo 2”and “ Otakikpo 3” for the first quarter of this year.
The company has also been given the Commercial Allowable rate of 5000bpd for February this year by the Crude Oil Marketing Department of the NNPC.
Having successfully completed its pipeline from the field to 6km offshore in preparation for crude evacuation through a Shuttle Tanker and finalised its Crude Handling Agreement (CHA) with Amni International Petroleum Development Company, GEIL recently secured an evacuation permit from the regulatory body to enable it move its crude to Ima terminal operated by Amin.
According to its technical director, Dr Bunu Alibe, other milestones already achieved by the company included the approval of its Field Development Plan and the installation of its processing facility.Also, an onshore storage facility of 45,000 barrel capacity has been completed.
