Ovo

Ovo was discovered with the Ovo-1 exploration well in 1966. Both oil and gas were proved in stacked reservoir intervals. The field was subsequently appraised with two further wells (Ovo-2 and Ovo-3) in 1972 and 1974.

A total of 112 ft of oil and 172 ft of gas was encountered in several reservoirs, including 22ft of undifferentiated hydrocarbon; none of the wells was production tested. The structure is a northwest to southeast trending anticline. Estimated gross 2C resources are 5 mmbbls oil, 5 mmbbls of condensates and 296 bcf of gas.

Outlook

An appraisal programme is being defined to better understand hydrocarbon type and distribution in the field, with the ultimate objective of working up a suitable field development program (FDP). With existing production processing and export infrastructure on the block the opportunity exists to rapidly and cost effectively monetise any future incremental development projects or discoveries.