Companies

Sirius Petroleum gets additional well head systems for its oil wells

by DIPO OLADEHINDE

March 22, 2018 | 12:51 am
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TAFT, CA - JULY 21: An oil rig south of town extracts crude on July 21, 2008 in Taft, California. Hemmed in by the richest oil fields in California, the oil town of 6,700 with a stagnated economy and little room to expand has hatched an ambitious plan to annex vast expanses of land reaching eastward to Interstate 5, 18 miles away, and take over various poor unincorporated communities to triple its population to around 20,000. With the price as light sweet crude at record high prices, Chevron and other companies are scrambling to drill new wells and reopen old wells once considered unprofitable. The renewed profits for oil men of Kern County, where more than 75 percent of all the oil produced in California flows, do not directly translate increased revenue for Taft. The Taft town council wants to cash in on the new oil boom with increased tax revenues from a NASCAR track and future developments near the freeway. In an earlier oil boom era, Taft was the site of the 1910 Lakeside Gusher, the biggest oil gusher ever seen in the US, which destroyed the derrick and sent 100,000 barrels a day into a lake of crude. (Photo by David McNew/Getty Images)

United Kingdom listed, Sirius Petroleum have announced two additional well head systems are on its way to Nigeria where they are planned for placement on Ororo-4 and Ororo-5  wells.

The company said in a statement on its official website that the acquisitions are additional update on the company’s Ororo field operations.

Emmanuel Afimia, Energy analyst at Afimia consulting says deploying this technology will make production more efficient and less expensive in Nigeria.

Speaking on the impact of this acquisition on the oil industry, Afimia responded, “To a large extent, the deployment of this technology will create awareness, and other companies will begin to adopt it if they find it more efficient than existing brands of well heads.”

The company is also currently considering a number of opportunities in the oil and gas sector with particular focus in Nigeria.

The Nigeria focused oil and gas development and production company announced in December the delivery of its first two sets of Cameron SOLIDrill modular compact well head systems in Nigeria for the commencement of the drilling programme at Ororo-2 and Ororo-3.

Sirus petroleum, which is also quoted on the Alternative Investment Market (AIM) of the London Stock Exchange, plans to commence the drilling of its first well on the Ororo Field, the Ororo-2 in April 2018 which will be in a location close to the Ororo-1 well that was originally successfully drilled by Chevron in 1986.

All well head equipment and services for the Ororo Field are being supplied through Cameron, a Schlumberger Group Company.

The Cameron SOLIDrill modular compact wellhead systems increase casing and tubing hanger landing reliability and help prevent debris from entering the wellhead. The hangers and packoffs are designed with angled shoulders to repel debris, such as dirt, metal shavings, and cement plugs.

Early this year, Sirius Petroleum provided update on the company’s Ororo Field development stating it had completed a Mechanical Earth Model (‘MEM’) with the team at Schlumberger Nigeria Limited.

The MEM will also be used to help develop the future Ororo Development Drilling campaign and also  facilitate a more rigorous completions program on Ororo-2 and Ororo-3, and is designed to maximize the production and reservoir management plans.

Sirius Petroleum plc is an investment company, which is focused on oil and gas Exploration and Development (E&P) opportunities in Nigeria.

The Company’s principal activity is to acquire and develop offshore proven oil discoveries (marginal fields) in Nigeria. The Company is engaged in oil extraction and related activities.

DIPO OLADEHINDE


by DIPO OLADEHINDE

March 22, 2018 | 12:51 am
  |     |     |   Start Conversation

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