OZA-1 Oil Field Set to Begin Oil Production

Decklar Resources Inc and Millenium Oil & Gas Company Ltd, – Joint operators of the Oza oil field – have commenced drilling on the Oza-1 well asset.

Decklar Resources has facilitated a 1300 HP drilling rig, located in Port Harcourt, which will be used for re-entry and testing of the wellserve.

“We are pleased with the progress being made and look forward with anticipation to the commencement of Oza-1 re-entry operations, testing, completion, and initial production at the Oza Field,” Decklar CEO, Duncan Blount, announced.

“These initial operations at the Oza Oil Field represent a milestone culminating from considerable effort and preparation for the initial development activities at the Oza Oil Field with Millenium,” he said.

Around $50 million has been spent on the Oza Field, including infrastructure, acquisition costs, pipeline, metering system and a production facility.

Africa Oil & Power Transforms into Energy Capital & Power

The transition represents the company’s commitment to the future of energy investment, sustainability, inclusiveness and diversification.


Share on twitter
Share on linkedin
Share on facebook

Latest Posts

Subscribe To Our Website

Read the latest news and reports by subscribing to an ECP membership

Copyright © 2021 Energy Capital & Power. Privacy Policy · Terms of Use