Oando Energy Resources Inc. provided an update regarding the damaged 10 inch Kwale-Akri oil delivery pipeline that is operated by Nigerian Agip Oil Company Limited (NAOC) and connects OER's Ebendo Field (OML 56) to the Brass export terminal (as previously disclosed on November 12, 2012).
The Kwale-Akri pipeline has been fully repaired and has commenced operations with reduced volumes being injected into the pipeline for testing, to ensure full integrity before full volume capacity is attained. Gross production from the Ebendo Field (OML 56) has recommenced at approximately 2,000 Barrels Per Day (bbls/day), (900 bbls/day net to OER) with a gradual ramp-up to full gross production of 4,000bbls/day expected over the next several weeks, as full pipeline integrity is confirmed.
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Oando Energy Resources Inc.
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