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Afren Completes Appraisal Drilling at Okoro Field

Source: www.gulfoilandgas.com 12/14/2006, Location: Africa

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Afren announced the successful completion of appraisal drilling on the Okoro field in Nigeria. This additional penetration of the Okoro field will assist us in planning the horizontal wells which will be required to develop the field. As a result of the two well appraisal drilling programme, Afren has enhanced the proved and probable reserves cases on the Okoro-Setu development.

The Field Development Plan is on schedule to be submitted to the Government of Nigeria in January to commence a fast-track development programme in Q3 2007. Afren and our co-venturers AMNI remain on track for production of 15-20,000 bopd by early 2008."

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