ExxonMobil Makes Deepwater Discovery Offshore Nigeria

ExxonMobil's subsidiary, Esso Exploration and Production Nigeria Deepwater West, Ltd. (Esso), has drilled an oil discovery in Oil Prospecting License (OPL) 214, approximately 70 miles (113 kilometers) offshore Nigeria.

The Uge-1 discovery well was drilled in 4,144 feet (1,263 meters) of water to a total depth of 16,831 feet (5,130 meters) and encountered more than 300 net feet (100 meters) of oil. The Uge structure is located approximately 90 miles (145 km) south-southeast of the Erha deepwater development. Studies and data analyses are under way to fully evaluate the discovery and development options for Uge. Transocean's drillship, Deepwater Pathfinder, drilled the well. ExxonMobil is a leader in the discovery and development of deepwater hydrocarbon resources in West Africa, where it has interests in 17 blocks totaling more than 10 million gross acres. The company has a leading position in nearly all the major exploration and production areas in the world and the industry's strongest portfolio of proprietary geoscience and engineering technology.

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