ExxonMobil Announces Third Major Nigeria Startup for Year
ExxonMobil announced today that its affiliate, Mobil Producing Nigeria Unlimited (MPN), has started up the East Area Additional Oil Recovery project located approximately 17 miles (28 kilometers) offshore Nigeria. MPN (40 percent interest) is operator of the project with co-venture partner Nigerian National Petroleum Corporation (60 percent).
The project involves the reinjection of natural gas to mitigate normal field decline from East Area reservoirs and significantly increase ultimate oil recovery from Blocks OML 67 and OML 70. It is expected that the project will produce 530 million gross barrels of additional oil reserves from the blocks, and will provide a peak volume of 120,000 barrels a day of oil. The development also will further reduce routine flaring at the facilities to help meet the Nigerian government’s and ExxonMobil’s goals.