Exxon Announces Major Nigerian Deepwater O&G Discovery

Source: www.gulfoilandgas.com 12/13/1999, Location: Africa

Exxon Mobil Corporation announced that its affiliate, Esso Exploration and Production Nigeria Limited (Esso), has confirmed a major deepwater oil and gas discovery in Nigerian National Petroleum Corporation's Oil Prospecting License (OPL) 209, approximately 100 miles (165 kilometers) southeast of Lagos.

The discovery well, named Erha-1 was drilled from December 1998 to February 1999. The appraisal well, Erha-2, was spudded in 3,860 feet (1,180 meters) of water on September 9 and drilled to a total depth of 12,287 feet (3,745 meters). It encountered an oil-bearing reservoir that flowed at a test rate of 2,800 barrels per day from the test interval.

Esso has operated the OPL 209 license since 1993. As operator, Esso will hold a 56.25 percent participating interest and Shell Nigeria Exploration and Production Company Ltd. (SNEPCO) will hold 43.75 percent.

'Confirmation of the Erha discovery is an important addition to ExxonMobil's deepwater portfolio,' stated Exxon Mobil Corporation Director and Senior Vice President Harry Longwell. 'Nigeria is expected to make a significant addition to ExxonMobil's production volumes in the years ahead,' Longwell added.


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