Petronas Strikes Oil in Niger

Source: www.gulfoilandgas.com 1/11/2005, Location: Africa

PETRONAS Carigali Niger Exploration & Production Ltd. (PCNEPL), a subsidiary of PETRONAS, has encountered hydrocarbons in the Agadem Block 1 Permit, Republic of Niger.

The Jaouro-1 exploration well was drilled in the Termit Basin about 1,000 kilometres east of Niamey, the capital of Niger. The well achieved a total depth of 2,462 metres. Production tests of the well resulted in a maximum flow rate of 2,540 barrels of oil per day.

PCNEPL is the operator of the Agadem Block 1 and holds 50% equity in the project. The other partners in the consortium are Esso Exploration and Production Niger Inc. and Esso Deutschland GmbH, both of which are subsidiaries of ExxonMobil.

The consortium will continue to evaluate the hydrocarbon potential of the Agadem Block 1.



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