Okwok Field and OML 115

Oriental Energy Resources Limited is a privately held, Nigerian oil exploration and production company with its headquarters in Abuja, the Federal capital of Nigeria.

In addition to the Okwok Field, Oriental is the operator of OML 115, an oil mining lease located near Okwok in southeastern offshore Nigeria. Oriental will operate 3 new wells in 2007, bringing to 11 the total number of wells drilled on its two blocks to date.

Press Releases

Oriental Completes Farm-In of Ebok Field From Mobil and NNPC - July 1, 2007
Oriental Announces Successful Completion of Phase One Appraisal Drilling Program for the Okwok Field by Oriental and Addax Petroleum - October 2006
Oriental Completes Farm-In of Okwok Field From Mobil and NNPC - June 26, 2006
Sovereign Assists Oriental with Farm-In of Okwok Field, Offshore Nigeria, From ExxonMobil and NNPC - June 26, 2006

Brief Introduction

OML 115 is located in the extreme southeastern portion of the offshore eastern Niger delta. The block is located approximately 40 km from the coast in water depths ranging from 36 to 82 meters. Oriental Energy is planning to drill a new exploration well on OML 115 in 2007 and will continue to ensure safe and environmentally sound exploration and development activities on the block. The OKWOK FIELD, located adjacent to OML 115 in OML 67, is operated by Oriental under a farm-out agreement with Mobil Producing Nigeria and NNPC that was signed May 9, 2006. Oriental was joined in the project by Addax Petroleum, who acquired a 40% interest from Oriental in June 2006. Oriental and Addax drilled 4 appraisal wells in the Okwok Field in 2006, and plan to drill 2 additional wells in the field in 2007.

The Okwok-4ST well shown flowing 32° API gravity crude oil during a drill stem test
of the Lower D2 reservoir, August 2006.
Okwok 4 Well Test

Shown below, holding the first bottle of crude oil produced from the Okwok Field, are Oriental's Chairman Alhaji (Dr.) Mohammed Indimi (center), with Joe Bruso, the CEO of Sovereign Oil & Gas (left), and Ignatius Ifelayo, Okwok Asset Manager for Addax Petroleum, during the testing of the Okwok-4ST well, August 2006.

Okwok 4 Well Test