Nexen Confirms Total's Owowo Discovery Offshore West Africa

Earlier this year, Nexen participated in the drilling of an exploration well in the southern portion of Oil Prospecting License (OPL) 223, offshore West Africa, which the company is pleased to announce was successful.

The Owowo South B-1 well was drilled in a water depth of 670 meters and is located 20 kilometers northeast of the Usan field, currently under development by operator Total. The well reached a total depth of 2,227 meters and discovered several oil bearing reservoirs containing light oil according to logs and other analysis.

Under the production sharing contract governing OPL 223, the Nigerian National Petroleum Corporation (NNPC) is concessionaire of the license, which is operated by Total Exploration & Production Nigeria Ltd. Nexen has an 18% interest in the discovery.

"We continue to have success with our exploration program offshore West Africa," said Marvin Romanow, Nexen's President and Chief Executive Officer. "This discovery makes us more optimistic about our other exploration prospects."