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Nexen Updates Drilling Results Offshore Nigeria

Source: www.gulfoilandgas.com 8/8/2005, Location: Africa

Nexen Inc. announced that Elf Petroleum Nigeria Ltd., a subsidiary of Total, and operator of deepwater Oil Prospecting License (OPL) 222, has successfully drilled two appraisal wells in the Usan field discovery, offshore south- eastern Nigeria and has received approval of the Usan Field Development Plan from the Nigeria National Petroleum Corporation (NNPC).

The Usan field is located 110 kilometres offshore in water depths of approximately 800 metres. The field was discovered and successfully appraised in 2002. In 2004, a western extension was confirmed by the drilling of Usan 5 and 6. This year, the Usan 7 and 8 wells were successfully drilled confirming an eastern extension of the field. A final investment decision is expected in 2006.

The Field Development Plan has been approved by the Nigerian National Petroleum Corporation (NNPC), the concessionaire of the licence. Additional approval will be sought from the Department of Petroleum Resources in the near future. The plan features development of the Usan field through 35 subsea wells connected to a 2 million barrel storage FPSO by subsea lines and risers. The processing capacity will be around 150,000 barrels of oil per day. First oil is planned by 2010.

NNPC is concessionaire for OPL 222 under a Production Sharing Contract operated by Elf Petroleum Nigeria Ltd., (20%) in partnership with Chevron Petroleum Nigeria Ltd. (30%), Esso Exploration and Production Nigeria (Offshore East) Ltd. (30%) and Nexen Petroleum Nigeria Ltd. (20%).

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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