CAMAC Energy’s report successful preliminary results at its Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well started drilling on June 15 this year and has both a vertical and a horizontal section. The vertical section was designed to test for additional hydrocarbons in the previously undrilled Eastern fault block of the Oyo field.
Oyo-8 was drilled to a total depth of 1,847m, and successfully encountered four new oil and gas reservoirs with total gross hydrocarbon thickness of 3m based on results from the logging-while-drilling data, reservoir pressure measurement and reservoir fluid sampling.
The well will now be completed horizontally as a producing well in the Pliocene formation of the Central Oyo field. Oyo-7, which was successfully drilled in October 2013, will also be completed horizontally in the Pliocene formation of the Central Oyo field.