Africa Oil Corp. T.AOI

New drilling on our blocks

[Lonegaurdian19]

https://punchng.com/totalenergies-shifts-drilling-on-egina-akpo-to-december/?amp

Once drilling starts, the Akpo field will also add about 150,000 barrels of crude oil per day to Nigeria’s oil production

Anyone know how much Capex and production this would lead to? I know the FPSO's have a capacity and are subject to OPEC quotas when applicable.

assuming + 150,000 at Akpo @8% net?

So 12,000 bpd increase?

appreciate and incite into this

[Suppe11]

I think it's not an addition. After the drilling, they aim for 150k bpd. They're not at zero atm.

[toptiger]

what does this refer to ?

[Suppe11]

@Toptiger "...The potential 11-well drilling programme was due to begin five months ago, but the start date was moved to December due to various reasons such as rig availability, according to the Chief Executive of Africa Oil, Keith Hill..." "...Once drilling starts, the Akpo field will also add about 150,000 barrels of crude oil per day to Nigeria’s oil production, with a peak of

[firstworld]

Euro Nazis emulating Soviet Union by trying to implement price caps on all energy  - no one would invest a dime in this environment. Follow the RU strategy - produce less and quadrupple profits.  Everyone else is haha. A five month delay on a drilling program like this simply does not occur because of drilling contractor fault.  I would say the "various reasons" namely