Afren contracts Adriatic VI for Nigeria development

Sept. 28, 2006
Afren Energy Resources Ltd. has contracted the GlobalSantaFe jackup Adriatic VI to drill in Okoro and Setu fields offshore Nigeria.

Offshore staff

LONDON -- Afren Energy Resources Ltd. has contracted the GlobalSantaFe jackup Adriatic VI to drill in Okoro and Setu fields offshore Nigeria.

The nine-month contract begins in August 2007 and covers production and injection well drilling in OML 112 in shallow water.

The fields have estimated recoverable reserves of 35-60 MMbbl and ultimate production of 15,000 b/d of oil is the target. First oil is expected in 1Q08.

TheSeadrill 7 jackup is to start appraisal drilling immediately to test upper and lower Okoro reservoirs and to redrilll Setu-1.

9/28/06