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.