Marginal Field located at the Oil Mining Lease 11 in Rivers State with the drilling of two development wells. The indigenous integrated energy company announced this at the weekend, as the company confirmed it had mobilised the rig and vendors for the execution of the drilling program.
Commenting on the field development, the CEO, Green Energy International Limited, Prof. Anthony Adegbulugbe, said: “the production ramp up will make GEIL the highest producer amongst marginal field producers in Nigeria. This comes in good time when Nigeria’s production has declined in recent time and the country struggles to meet its OPEC production quota.
He also confirmed that drilling of this first two wells is part of a staged approach to the field phase 2 development. He stated that that to ensure proper capital stewardship and reduce subsurface and project uncertainties, the Company has modified its funding and project management strategies for the phase 2 development.
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