Sirius Petroleum Widens Potential Resource Range of Ororo Field
April 22 2016 - 2:07AM
Dow Jones News
By Alex MacDonald
LONDON--Nigeria-focused Sirius Petroleum PLC(SRSP.LN) said
Friday the Ororo Field located in the shallow waters off Nigeria's
coast has a wider potential range of resources than previously
estimated.
The U.K.-listed firm said a recent independent report produced
by Rockflow Resources Ltd. showed the field had a mid to high
liquid hydrocarbon volume range of between 7.65 million to 20.48
million stock tank barrels.
This compares to previous estimates calculated by Schlumberger
Ltd. of between 10.08 million and 12.87 million stb. Stock tank
barrels is a way to combine the calculation of barrels of oil and
liquids in place.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
April 22, 2016 02:52 ET (06:52 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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