Assets

Olure (PML-67) field is one of the fields awarded during the 2020 Marginal field Bid round (MFBR). The Olure Field is located within a Swamp area, west of the Niger Delta in Warri North Local Government area of Delta state Nigeria.

The exploration well Olure-1 was drilled in 1966 and encountered Oil and Gas-bearing Sands within the Upper Miocene section. Two appraisal wells, Olure-2 and Olure-3, were drilled in 1974 and 1980 respectively, successfully appraised the Oil and Gas sands encountered in Olure-1.

Eight (8) major hydrocarbon bearing levels were discovered. The nearest production facility to Olure is the DIBI Flow station located approximately 7-km to the south-west of Olure field and operated by Chevron Nigeria Limited (CNL).