Oriental Energy

Oriental Energy Resources Limited is a privately held, Nigerian oil exploration and production company with its headquarters in Abuja, the Federal capital of Nigeria.

In addition to the Okwok Field, Oriental is the operator of OML 115, an oil mining lease located near Okwok in southeastern offshore Nigeria.

Press Releases

OML 115 - Location

OML 115 is located in the extreme southeastern portion of the offshore eastern Niger delta (see OML 115 map). The block is located approximately 40 km from the coast in water depths ranging from 36 to 82 meters.

OML 115 - Awarded

OML 115 was awarded in September 1990, as OPL 224, with a mandate to carry a minimum work program requirement of acquiring up to 1000km of seismic data and drilling a minimum of three exploratory wells.

Ongoing Activities » During 2006

In February 2004, a new high resolution 3D seismic data set was acquired over the entire permit and the Joint Venture’s first exploration well, Ameena-1, was drilled in the 4th quarter of 2004.   Ameena-1 spudded on September 15th.   Ameena-1 is the sixth well to be drilled on OML 115.

Current Activities - For the year 2006, detailed seismo-structural and stratigraphic studies have continued to be undertaken to further quantify and confirm economically viable drilling prospects, whose associated risk elements may fall within acceptable limits. Oriental Energy will continue to ensure safe and environmentally sound exploration and development activities on the block.

Okwok Field - OML 67
Sovereign is assisting Oriental with the farm-in of the ExxonMobil-operated Okwok Field, located in the center of the Gulf of Guinea's Golden Rectangle.

OML 115 -
Adjacent to Equatorial Guinea's Zafiro complex, discovered in 1995 by Sovereign's president Joe Bruso, is Nigeria's OML 115, with a reserves potential of several hundred million barrels of oil.

Exploration Opportunity