MX Oil said successful peforation of the reservoior on its Aje 5 well offshore Nigeria took it closer to its goal of becoming a multi-asset investment company.
The London-registered company said a subsea tree has been installed and the well has been suspended ready for connection to the oil production facilities prior to commencement of production.
The Saipem Scarabeo 3 semi-submersible drilling rig has been moved to re-enter the existing Aje-4 well for completion.
All key equipment related to the Aje oilfield development has now been delivered to Lagos, including the floating production storage and offloading vessel (“FPSO”) moorings and turret buoy, the production manifold, the umbilical termination assembly, and the umbilicals and flowlines.
Refurbishment of the Front Puffin FPSO is on schedule and it is anticipated the vessel will sail from Singapore approximately six weeks prior to its installation date.
Chief executive Stefan Olivier said: “We are very pleased with the progress of our investment in the proven Aje field.
“With first-class teams in place both in Nigeria and Mexico, MX Oil is on course to become a multi-asset oil and gas investment company in the very near term, and I look forward to providing further updates in due course.”