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East Area promise sees ExxonMobil boost production.
(From Lloyds List)
Byline: US oil company is optimistic over shallow water oil project, writes Martyn Wingrove
EXXONMOBIL will be ramping up its Nigerian oil production and exports this year after starting the shallow water East Area oil project.
The oil company is also reducing gas flaring from its offshore Niger Delta fields through the $1.3bn additional oil recovery project.
It hopes to increase ultimate recovery from offshore fields in oil mining licences OML 67 and 70 by injecting associated gas instead of burning it at flare stacks.
The New York-listed group installed a gas compression platform and seven associated platforms including a new crew living quarters on this project and laid 160 km of pipelines for gas gathering and distribution.
ExxonMobil expects an extra 530m barrels of oil reserves to be recovered and to raise production levels to 120,000 barrels per day from the blocks, which are 17 miles off the coast.
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