Organic reserves growth
Reserves growth at Ebok
In February we completed the Ebok-4 appraisal well. It successfully proved a reserves base well in excess of minimum economic requirements and confirmed Ebok as a commercial development project.
Netherland Sewell & Associates Inc. has independently certified gross 2P reserves of 107.5 mmbbls, around 330% greater than our original estimate at point of entry; success driven by a combination of a detailed understanding of the regional subsurface and an excellent indigenous partnership with Oriental Energy Resources. This has been made possible by our team’s hard work and detailed understanding of the regional subsurface.
Ebok has been a valuable learning experience – one that will help us maximise the potential of the entire Ebok/Okwok/ OML 115 complex.