2019

Awarded EG-23

Awarded EG-23
  • Waltersmith was awarded offshore block EG-23 by the Government of Equatorial Guinea.
2018

Attained production rate of 7,000 bopd

Attained production rate of 7,000 bopd
  • Waltersmith attained production rate of 6,000boepd and drilled Ibigwe 9,10,11wells.
2012

Concluded the drilling, work over and completion of 4 wells

Concluded the drilling, work over and completion of 4 wells
  • Concluded the drilling work-over and completion of 4 wells. Production also ramped up to circa 4,400boepd and a 15,000boepd flow station was installed. Waltersmith also acquired interest in OML 34 as part of the ND Western Consortium.
2011

Commenced 2nd phase of workover & 4 drilling campaign.

Commenced 2nd phase of workover & 4 drilling campaign.
  • Waltersmith commenced its 2nd phase of Work Over & Drilling Campaign.
2010

Installed gas lift facility

Installed gas lift facility
  • Waltersmith ramped up production to circa 2,200boepd.
2009

Commenced 1st phase of drilling campaign

Commenced 1st phase of drilling campaign
  • Commenced 1st phase of Drilling Campaign. Drilled and completed Ibigwe 4 & 5 wells.
2008

Completed re-entry of two existing wells

Completed re-entry of two existing wells
  • Completed the re-entry of two existing wells (IB-1&2), installed an EPF and attained first oil at an average production of 500boepd. Waltersmith also commenced commercial export.
2007

Executed Crude Handling Agreement , Sale & Purchase Agreement with SPDC

Executed Crude Handling Agreement , Sale & Purchase Agreement with SPDC
  • Executed Crude Handling Agreement, Sale & Purchase Agreement with SPDC.
  • Planned Field Development Plan
2004

Executed Crude Handling Agreement , Sale & Purchase Agreement with SPDC

Executed Crude Handling Agreement , Sale & Purchase Agreement with SPDC
  • Waltersmith executed a farm-out Agreement with SPDC JV and took over ownership and Operatorship of the Ibigwe Field.
2003

Waltersmith participated in the first Nigerian Marginal Oil Field licensing

Waltersmith participated in the first Nigerian Marginal Oil Field licensing
  • Waltersmith participated in the first Nigerian Marginal Oil Field licensing round organized by the FGN and was awarded the Ibigwe Field located in OML 16.
2001

Waltersmith became a wholly owned Nigerian company

Waltersmith became a wholly owned Nigerian company
  • Waltersmith became a wholly-Nigerian owned company. 
1996

Incorporation of the company

Incorporation of the company
  • Incorporation of the company as a joint venture between Waltersmith & Associates and Petroman Oil Limited.

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