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Oando Energy Resources Announces Resumption of Full Production From Ebendo field

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 Oando Energy Resources, a company focused on oil exploration and production in Nigeria, today announced that the damaged Kwale-Akri pipeline, which connects OER’s Ebendo field (OML 56) to the Brass export terminal, has been fully repaired. Full production from the Ebendo field of 3,200 bopd (1,400 bopd net to OER) has resumed.

“Re-establishing full integrity of the Kwale-Akri pipeline is an important development for OER,” said Pade Durotoye, CEO of Oando Energy Resources. “Not only are we able to re-commence our existing production volumes, but we are also able to support our 2013 Ebendo drilling campaign with sufficient takeaway capacity. We also continue to make good progress with the establishment of an alternative pipeline that will further support development of this field.”

On November 12, 2012, production from the Ebendo field was shut-in as a result of required repairs and maintenance on the 10 inch Kwale-Akri oil delivery pipeline that is operated by Nigerian Agip Oil Company Limited (“NAOC”). A partial resumption of production from the Ebendo field commenced on December 27, 2012, however, a requirement for further repairs resulted in another production shut-in from February 13, 2012 until the date hereof.

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