and an additional $8.94 million as compensation for expenses it incurred as a result of the defendants’ bad faith. On 27 October 2015, a Financial Times article reported on estimates that the sale of Afren's assets would raise only $200 million, leaving $1.7 billion of outstanding debt. In September 2017, Afren's former chief executive Osman Shahenshah and chief operating officer Shahid Ullah appeared at Westminster Magistrates' Court charged with money laundering and fraud, after a two-year investigation by the Serious Fraud Office. In May 2017, it was reported that the administrators of Afren PLC, AlixPartners UK, had been seeking access to funds, which had originally been meant for an environmental clean-up in Nigeria, so they could be given to bondholders. In July 2020 the Serious Fraud Office issued a confiscation order for over £5.4 million against Osman Shahenshah and Shahid Ullah. Operations The group in 2009 produced circa of oil equivalent per day from its then-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 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 from all seven wells. Ebok Ebok is an undeveloped oil field located in OML 67, 50 km offshore in of water in Nigeria's prolific south-eastern producing area. The field was discovered by the ExxonMobil / NNPC JV in 1968 (M-QQ1 (Ebok-1)), and two subsequent appraisal wells were drilled in 1970 (Ebok-2 and Ebok-3). First oil was originally targeted in H2 2010 but was subsequently pushed back to February 2011. Notes External links Official site Oil and gas companies of the United Kingdom Companies formerly listed on the London Stock Exchange