Production growth
Okoro Field production – continuing to outperform
Production at the Okoro field remained strong throughout 2009 at an average gross rate of 18,800 bopd. We maintained excellent operational efficiency throughout the year, with a process uptime of 99.6%. In fact, field performance at Okoro has surpassed our pre start-up projections. This has been due to reservoir properties being better than expected and good aquifer support – among other factors. We have also identified at least two infill opportunities that we aim to pursue in 2010.
Taking into account historical production data and incremental volumes from infill targets, NSAI has increased independently certified gross remaining 2P reserves to 24.8 mmbbls at Okoro as at 31 December 2009.