Friday, May 19, 2006

ExxonMobil Makes Uge-1 Discovery Offshore Nigeria

Esso Exploration and Production Nigeria Deepwater Ltd, a subsidiary of ExxonMobil, has drilled an oil discovery in Oil Prospecting License (OPL) 214, approximately 70 miles (113 kilometers) offshore Nigeria.
The Uge-1 discovery well was drilled in 4,144 feet (1,263 meters) of water to a total depth of 16,831 feet (5,130 meters) and encountered more than 300 net feet (100 meters) of oil. The Uge structure is located approximately 90 miles (145 km) south-southeast of the Erha deepwater development. Transocean's drillship, Deepwater Pathfinder, drilled the well.
Esso is the operator of OPL 214 with a 20 percent working interest. Other working-interest owners are Chevron Nigeria Deepwater B Limited at 20 percent, Phillips Deepwater Exploration (Nigeria) Limited (a subsidiary of ConocoPhillips) at 20 percent, Oxy Nigeria Exploration & Production Limited (a subsidiary of Occidental Petroleum Corporation) at 20 percent, Nigerian Petroleum Development Company at 15 percent, Sasol Exploration and Production Nigeria Limited at 5 percent and Nigerian National Petroleum Corporation (NNPC) is the concessionaire. Uge-1 represents the first discovery on the license.

ExxonMobil is a leading operator in the exploration and development of deepwater hydrocarbon resources in West Africa. It has interests in 17 blocks totaling more than 10 million gross acres.

Source: rigzone