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Afren (Presentation) - Proactive Investors

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Nigeria: near term development<br />

Asset summary<br />

Production Peak (1) Local<br />

Start-up ‘000 bopd Partner<br />

Ogedeh<br />

Eremor<br />

N I G E R I A<br />

Ofa<br />

Okoro Setu<br />

Okoro Setu 2008 15-20 Amni<br />

Eremor 2008 4-5 Excel<br />

Ofa 2008 2-3 IEL<br />

Ogedeh 2009 4-5 Bicta<br />

Okoro Setu development<br />

◦ Five-well development (Adriatic VI)<br />

◦ FPSO secured (Armada Perkassa)<br />

◦ Drilling to commence end 2007<br />

◦ First oil early 2008<br />

Appraisal / development<br />

◦ Re-entry of Ofa-1<br />

◦ Completion of Eremor-1 and tie-back<br />

◦ Ogedeh development options under<br />

review<br />

www.<strong>Afren</strong>.com - October 2007<br />

14<br />

Source: Google Earth. Note (1) : <strong>Afren</strong> estimates

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