Project Profile
Value: Undisclosed
Location: Qua Iboe River, eastern Niger Delta, Nigeria
Reserves: unknown
Area: 14 km2 (3,459 acres)
Production: 2,150 bpd Gross (Launch) 26 bpd (October 2016, disruptions)
Start-up Year: 2015
Qua Iboe is located at the mouth of the Qua Iboe River in the eastern Niger Delta and covers an area of 14 km2 (3,459 acres). The field is immediately adjacent to the ExxonMobil Qua Iboe Terminal. Oando Energy Resources Inc. has completed all civil and pipeline works associated with the Qua Iboe field, and associated crude delivery and sales infrastructure, with commercial production at 2,150 boepd Gross.
Oando Energy Resources holds a 40% working interest in the field alongside the operator, Network Exploration and Production Nigeria (NEPN) Limited with 60% interest. In its capacity as technical services provider OER and NEPN brought the field from conceptualization, through development, to first oil delivery.
The commercial oil production from the field\'s reservoirs has now commenced at an initial rate of 2,150boepd gross to the partners. The crude processing facility was commissioned in the fourth quarter of 2014 but commercial production was delayed until the completion of the associated cluster crude delivery and sales infrastructure into the Qua Iboe Terminal.
Operators:
Network Exploration and Production Nigeria Limited (NEPN): Operator with 60% interest
Oando Energy Resources: 40% interest