| GeoPressure Technology to undertake pressure study of Niger Delta |
| Home » Press Releases » GeoPressure Technology to undertake pressure study of Niger Delta |
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September 09, 2009
GeoPressure Technology Ltd, an Ikon Science company, in association with Sonar Nigeria, is
embarking on a Comprehensive Regional Pressure Study of the Niger Delta in Nigeria.
The pressure study of the Niger Delta will kick-off in October with an analysis of the Deepwater
Offshore Depobelt with first results anticipated by end of 2010. It is then intended to continue
additional studies on further Depobelts
GeoPressure Technology Ltd will have access to all pressure data and relevant well data held
by the operating companies. This is a provision of the contract with the Ministry of Petroleum
Resources of Nigeria.
Professor Richard Swarbrick, Managing Director of GeoPressure Technology Ltd commented:
“This is a very important regional study and will be of interest to any party currently drilling or
contemplating drilling in the Niger Delta. Among other benefits, the results of the study are
expected to improve the ability of operators to predict pressures pre-drill, reducing operating
costs, provide a risking scheme for high pressure traps, identify new exploration opportunities
through regional understanding, assist in placement of appraisal wells and increase confidence
in the potential reserve upside of the entire Niger Delta.”
Robert Bakre Vice Chairman Sonar Nigeria commented:
“This comprehensive study will provide value added prospects to explorers and developers of
hydrocarbon in the Niger Delta region with emphasis on reducing the uncertainties related to
drilling overpressure zones. The award is a first for a local service company, and what is even
more pleasing is the involvement of locally trained Geoscientists in this Study further enhancing
our quest for local knowledge capacity building in the understanding of our reserves”. |
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