Total Nigeria Usan Project to Deliver First Oil By 2011

The deep offshore Usan oil field operated by Total SA (TOT) in Nigeria will deliver its first oil by 2011, the company's Managing Director Jacques Marraud des Grottes said Wednesday.

"We have the green light for the project," des Grottes told journalists at the eighth Nigeria Oil and Gas Conference.

The Usan project was originally scheduled to go on stream by 2009.

Des Grottes said the Akpo field was on schedule and would come on stream by 2009, adding its Floating Production Storage and Offtake facility would be installed in June.

Des Grottes said he didn't know if the light-density condensate to be produced from the field would count towards Nigeria's crude oil supply limit under the OPEC quota.

Copyright (c) 2008 Dow Jones & Company, Inc.


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