Afren plc (LSE: AFR) is a London-based oil and natural gas exploration and production corporation.

The Company was founded in 2004 with the vision to become the premier pan-African independent exploration and production company.

Since the Initial Public Offering in March 2005, Afren has rapidly expanded its portfolio across six countries: Nigeria, São Tomé & Príncipe JDZ, Gabon, Republic of the Congo, Côte d'Ivoire and Ghana.

The Group is currently producing circa 22,000 barrels (3,500 m³) of oil equivalent per day from its current portfolio.

Okoro Setu Fields (OML 112)

The Okoro Field ("Okoro") and Setu Field ("Setu") are two oil fields located in OML 112 in shallow water offshore Nigeria, which were originally awarded to Amni - a well established indigenous oil company - in 1993 as part of the Nigerian government's indigenous licensing programme. First oil was achieved during June 2008 when production from the first two production wells drilled commenced at a rate in excess of 3,000 barrels (480 m³) of oil per day from each well. A further five wells were subsequently drilled, completed and brought onstream. The wells drilled were a mixture of horizontal and highly deviated penetrations of the reservoir intervals. The field is currently producing at a rate of 22,000 bbl/d (3,500 m³/d) from all seven wells.