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Nairaland Forum / Nairaland / General / Politics / Exxon Begins Production At 65000BPD Offshore Nigerian Field (16023 Views)
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Exxon Begins Production At 65000BPD Offshore Nigerian Field by Nobody: 12:43pm On Sep 17, 2015 |
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria. The Erha North Phase 2 project is a deepwater subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the Erha field, which has been producing since 2006. The Erha North Phase 2 project includes seven wells from three drill centers tied back to the existing Erha North floating production, storage and offloading vessel, reducing additional infrastructure requirements. The project is estimated to develop an additional 165 million barrels from the currently producing Erha North field. Peak production from the expansion is currently estimated at 65,000 barrels of oil per day and will increase total Erha North field production to approximately 90,000 barrels per day. “Executing successful projects such as Erha North Phase 2 ahead of schedule and under budget results from ExxonMobil’s disciplined project management approach and expertise,” said Neil W. Duffin, president of ExxonMobil Development Company. “We are able to create additional shareholder value by optimizing existing infrastructure, which reduces capital spending requirements and improves capital efficiency.” Duffin said the ahead-of-schedule startup was supported by strong performance from Nigerian contractors, which accounted for more than $2 billion of project investment for goods and services, including subsea equipment, facilities and offshore installation. “These contracts are bringing direct and indirect benefits to the Nigerian economy through project spending and employment, consistent with project objectives,” Duffin said. ExxonMobil expects to increase its global production volumes this year by 2 percent to 4.1 million oil-equivalent barrels per day, driven by 7 percent liquids growth. The volume increase is supported by the ramp up of projects completed in 2014 and the expected startup of major developments in 2015. The Erha North field was discovered in 2004 and initial production commenced in 2006. Operator Esso Exploration and Production Nigeria Limited holds a 56.25 percent interest in Erha North Phase 2, while Shell Nigeria Exploration and Production Company holds the remaining 43.75 percent share. http://news.exxonmobil.com/press-release/exxonmobil-starts-oil-production-erha-north-phase-2-project-ahead-schedule-and-well-un Cc lalasticlala 3 Likes 1 Share |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by DEXTROVERT: 12:51pm On Sep 17, 2015 |
Ok I yaf ear But what is produced...crude oil or refined products 1 Like |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Abbeyme: 12:54pm On Sep 17, 2015 |
Continue |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Flets: 1:15pm On Sep 17, 2015 |
Before the noise, let's clarify somethings This project started early engineering in 2012 and progressed into proper r execution in 2013 by three major EPC contractors This project will add 65KBD only at ppeak production envisaged for 2016. Early wells are producing 10KBD as at today Thanks to GEJ who insisted that all major fabrication be done in-country despite efforts by the contractors to move it in their home countries. Nigerdock, Aveon, Globestar etc were key beneficiaries. 27 Likes 2 Shares |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by yimikaa: 1:16pm On Sep 17, 2015 |
Esso Exploration and Production Nigeria Limited holds a 56.25 percent interest in Erha North Phase 2, while Shell Nigeria Exploration and Production Company holds the remaining 43.75 Anyway, since kachichuwkwu became GMD of NNPC, I noticed mobil has been in the news of late. 8 Likes |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by baralatie(m): 1:19pm On Sep 17, 2015 |
I am not supprised |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by efilefun(m): 2:12pm On Sep 17, 2015 |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by simdam500(m): 2:12pm On Sep 17, 2015 |
No problem, Infact it's great if it will help reduce the labor market capacity and not just exploit us |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by damton(m): 2:12pm On Sep 17, 2015 |
Okay o. Could this be attributed to hurricane kachikwu |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by gokay11(m): 2:13pm On Sep 17, 2015 |
Aii |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Lordtrillion(m): 2:13pm On Sep 17, 2015 |
Wow |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by hemartins(m): 2:13pm On Sep 17, 2015 |
this will bring benefits to Nigeria economy and also employments. good one. 1 Like |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Nobody: 2:14pm On Sep 17, 2015 |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by osazeeblue01: 2:14pm On Sep 17, 2015 |
Good |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Nobody: 2:15pm On Sep 17, 2015 |
Ok... 1. I hope Niger-Delta Militants and their bosses would not attack this field. 2. With kachikwu, all oil majors would strength their businesses in Nigeria. 3. 65,000 Bpd means ...refined crude or raw crude |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by ibkgab001: 2:15pm On Sep 17, 2015 |
Will that increase USD against NAIRA? Because I don't pray nairA should drop at this crucial point in time |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by tunwumi: 2:15pm On Sep 17, 2015 |
ok |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by free2ryhme: 2:15pm On Sep 17, 2015 |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by free2ryhme: 2:16pm On Sep 17, 2015 |
blood suckers have been unleashed on Nigerian Oil |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Dbboy(m): 2:16pm On Sep 17, 2015 |
so should i be happy or what? what kind of stupid news is this. |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by tunwumi: 2:18pm On Sep 17, 2015 |
From your level of exposue should it be refined product? so which one comes first egg or the chicken? DEXTROVERT: 1 Like |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Next2Bezee(m): 2:18pm On Sep 17, 2015 |
Abeg where was NNPC when these guys were acquiring ownership of our OWN oil? |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by BCISLTD: 2:18pm On Sep 17, 2015 |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by sammyj: 2:19pm On Sep 17, 2015 |
ok |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by bluaero(m): 2:24pm On Sep 17, 2015 |
how does this news affect the masses? 2 Likes |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by winterfell007(m): 2:24pm On Sep 17, 2015 |
i propose we continue an aggresive gas production as opposed to oil production. we are xperiencing an oil glut in the market. thankfully NLNG has bben a success story due to the sustained investment of NNPC and its strategic shareholders as well as FG's commitment beginning from 1991 all the the way to 2014 . we compete favourably with our peers across the globe. companies like Seplat, orient Energy, Seven Energy, Falcon Petroleum, Oando and their likes should pursue aggresive investment in gas exploration for energy and industralisation. Nigeria is blessed with gas reseverves all the way from the Anambra Basin down to the gulf of guinea. we could do well here. my humble contribution. 5 Likes |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by brainpulse: 2:29pm On Sep 17, 2015 |
This is good |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Obiechina1989: 2:33pm On Sep 17, 2015 |
Has it added to the socio economic wellbeing of the suffering masses,rubbish and stupid news item. |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by hamaworld(m): 2:34pm On Sep 17, 2015 |
Clap for them |
Re: Exxon Begins Production At 65000BPD Offshore Nigerian Field by Pontaboki: 2:38pm On Sep 17, 2015 |
Buhari is a Terrosrist ~Donald Trump Any Slave that quotes me may die!!! |
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