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Sail Away of Armada Perkasa FPSO


Singapore and London, 4 December 2007 - Afren plc ("Afren" or "the Company") and its partner Amni International Petroleum Development Company ("AMNI") announce the Sail Away Ceremony for the Armada Perkasa FPSO (Floating Production, Storage and Offloading vessel) in Singapore.

The FPSO will be the primary crude oil production, storage and export facility at the Okoro Setu Project, offshore Nigeria and is due to arrive at the Okoro Terminal in February 2008. The Armada Perkasa is owned and operated by Bumi Armada Berhad, one of the largest owners and operators of offshore support vessels in Malaysia.

The Armada Perkasa, a 211 metre and 33,081 ton vessel, which has been refurbished by Keppel Shipyard, will process the total well fluids, producing stabilised crude for storage in the FPSO, with subsequent regular off-take by export tankers. It has a storage capacity of 360,000 barrels of crude oil and a total liquids processing capacity of 27,000 barrels per day.

The FPSO Sail Away is an important milestone for the Okoro Setu Project. In the base case field development plan, up to five oil producers will be drilled from a single unmanned well head platform. Oil will be transported by pipeline to the FPSO, moored 800 metres from the well head structure, for processing and storage.

The Project is on track for first oil by the end of Q1 2008:

• The drilling template and well head platform decks have been fabricated in Lagos.

• The well head control unit has been completed and factory tested.

• Manufacturing of the flow-lines is nearing completion.

• The Adriatic VI, which has been contracted for a nine month programme is due to arrive on location in January 2008.

The Chairman of the House Committee on Petroleum (Gas) Hon Igo Aguma and the Honourable Minister of State for Energy (Gas) Mr Olatunde Emmanuel Odusina, represented the Nigerian Government and the ceremony was also attended by the Board of AMNI, led by its Chairman, Colonel (rtd) Sani Bello.

Afren was founded in December 2004 by a management team including Dr Rilwanu Lukman, (Chairman), Osman Shahenshah, (Chief Executive) and Ethelbert Cooper (Advisor to the Board), with the vision to become the premier pan African independent Exploration and Production company.



Author Resource:- The Article is written by www.ethelbertcooperstory.com providing Ethelbert Cooper and . Visit http://www.ethelbertcooperstory.com for more information on www.ethelbertcooperstory.com Products and Services___________________________Copyright information This article is free for reproduction but must be reproduced in its entirety, including live links and this copyright statement must be included. Visit www.ethelbertcooperstory.com for more services!

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