ExxonMobil Corp.’s Owowo-3 well has encountered a 460-ft column of oil-bearing sandstone offshore Nigeria. Combined with the operator’s Owowo-2 discovery, which encountered 515 ft of reservoir, the field could contain 500 million bbl to 1 billion bbl of oil, ExxonMobil said.
ExxonMobil affiliate Esso Exploration & Production Nigeria Ltd. spudded the Owowo-3 on Sep. 23 and drilled to 10,410 ft in 1,890 ft of water. Owowo field spans portions of the contract areas of oil prospecting license 223 (OPL 223) and oil mining license 139 (OML 139).
ExxonMobil holds 27% interest and is operator for OPL 223 and OML 139. Joint venture partners include Chevron Nigeria Deepwater Ltd. 27%, Total E&P Nigeria Ltd. 18%, Nexen Petroleum Deepwater Nigeria Ltd. 18%, and Nigeria Petroleum Development Co. Ltd. 10%.
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