ExxonMobil Announces First Production from Usan Field Offshore Nigeria

ExxonMobil Announces First Production from Usan Field Offshore Nigeria

ExxonMobil Announces First Production from Usan Field Offshore Nigeria

  •         Project to produce up to 180 thousand barrels of oil per day gross
  •         Providing significant employment, revenue and local supplier         opportunities
  •         ExxonMobil’s 2010 net production in offshore Nigeria averaged 391         thousand barrels a day

IRVING, Texas–(BUSINESS WIRE)–Exxon       Mobil Corporation (NYSE:XOM) announced today the startup of       production from the Usan field, offshore Nigeria. ExxonMobil subsidiary       Esso E&P Nigeria (Offshore East) Limited has a 30 percent interest in       the deepwater project.

“This project represents another major achievement of the industry and       Nigerians working together to develop the country’s resources”

The Usan project has capacity to produce up to 180,000 barrels per day       gross.

“This project represents another major achievement of the industry and       Nigerians working together to develop the country’s resources,” said       Neil Duffin, president, ExxonMobil Development Company. “Usan is       providing significant benefits including revenues, employment and       opportunities for local suppliers.”

The Usan field was discovered in 2002 in water depths of 2,400 feet       approximately 62 miles from the coast. Production facilities include a       floating production, storage and offloading vessel and ultimately 42       sub-sea wells. The operator is Total E&P Nigeria Limited.

ExxonMobil is active in both shallow water shelf and deepwater acreage       offshore Nigeria. In the deepwater ExxonMobil has interests in seven       blocks, operates the producing Erha and Erha North fields and also       produces from the co-venturer operated Bonga field. In 2010,       ExxonMobil’s net production in offshore Nigeria averaged 391 thousand       barrels a day.

Partners in the Usan project include Esso E&P Nigeria (Offshore East)       Limited (30%), Chevron Petroleum Nigeria Limited (30%), Total E&P       Nigeria Limited (20%) and Nexen Petroleum Nigeria Limited (20%)


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