M a r k e t N e w s

New Age starts producing oil from the Nené Marine field, offshore Congo

Posted on : Saturday, 17th January 2015

 New Age has commenced oil production from the Nené Marine field, located in Marine XII Block, offshore Congo, eight months after obtaining the production permit and just 16 months from discovery.

The Nené Marine field is located offshore 17 kilometres from the coast, at a water depth of 28m and is near existing oil facilities. The field produces from the pre-salt Djeno reservoir about 2,500m below the seabed. The field will be developed in various phases, including the installation of production platforms and the drilling of more than 30 additional wells, reaching a plateau production of 140,000 boepd.
In the Marine XII Block, New Age and its partners ENI, the operator, and Société Nationale des Pétroles du Congo, have discovered oil and gas in Litchendjili field, Nené Marine and Minsala Marine with total reported resources of circa 3.5 billion boe, including 5.5 TCF of gas. Those gas discoveries are able to meet all the requirements of the domestic gas market and may also feed gas export projects, as agreed with the Government's future plans for gas resource valorization.
The start of production reflects an important milestone for New Age, following the recent discoveries and developments in Cameroon, Nigeria and Kurdistan.

Source : Oil voice
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