ExxonMobil makes deepwater oil discovery offshore Nigeria

Offshore staff

IRVING, TexasExxon Mobil Corp. has reported the Owowo-3 well encountered about 460 ft (140 m) of oil-bearing sandstone reservoir offshore Nigeria.

The Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 515 ft (157 m) of oil-bearing sandstone reservoir. According to ExxonMobil, the Owowo field has the potential recoverable resource of between 500 MM and 1 Bbbl.

Spudded on Sept. 23, the Owowo-3 well was drilled to 10,410 ft (3,173 m) in 1,890 ft (576 m) of water.

The Owowo field spans portions of the contract areas of oil prospecting license 223 (OPL 223) and oil mining license 139 (OML 139).

The well was drilled by ExxonMobil affiliate Esso Exploration and Production Nigeria (Deepwater Ventures) Ltd.

ExxonMobil holds 27% interest and is the operator for OPL 223 and OML 139. Joint venture partners include Chevron Nigeria Deepwater G Ltd. (27%), Total E&P Nigeria Ltd. (18%), Nexen Petroleum Deepwater Nigeria Ltd. (18%), and the Nigeria Petroleum Development Co. Ltd. (10%).

Stephen M. Greenlee, president of ExxonMobil Exploration Co., said: “We are encouraged by the results and will work with our partners and the government on future development plans.”

10/27/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...