The block is located approximately 75 kilometres offshore Akwa Ibom State.
MPN, in a statement issued on Monday, said, “The Pegi-1 discovery well was drilled in 315 feet (96 metres) of water to a total depth of 11,407 feet (3,477 metres) beneath the Awawa Field and encountered 165 net feet (50.3 metres) of rich gas condensate.
“Analysis of recovered samples indicates an API gravity of approximately 41 degrees. Significant additional potential remains in untested deeper targets within the Pegi fault block as well as in adjacent fault blocks.”
meanwhile the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has promised to ensure that the Federal Government provides the enabling tools to ensure adequate regulation and enforcement of health, safety and environmental standards in the petroleum industry.
The minister, in her address at the 14th International HSE Biennial Conference on the oil and gas industry in Nigeria, said the dynamic nature of the industry and the ever increasing scope of activities, especially in the offshore frontier, necessitated the ministry to keep pace with the industry with regard to monitoring HSE performance, among its other functions.
The conference, with the theme, “Managing Health Challenges in the Oil and Gas Industry,” was organised by the Department of Petroleum Resources in Abuja on Monday.
She said, in the last couple of months, a number of programmes aimed at improving HSE performance had been established.
The programmes, she said, included the offshore safety permit and the adoption of risk-based inspection philosophy, where applicable, to assure the integrity of petroleum handling facilities.
Source: http://www.punchng.com/Articl.aspx?theartic=Art201011023531056
No comments:
Post a Comment