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."
- Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill (Jul 06)
- Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks (Mar 30)
- UKCS Oil, Gas Extraction Drops 10% (Dec 08)
Company: Total S.A. more info
- Oil CEOs Jostle for Global Natgas Crown Under Putin's Gaze (Oct 04)
- Uganda Expects to Miss Target for First Oil (Sep 24)
- Total Joins Tullow-operated Block Offshore Guyana (Sep 13)
Company: Nigerian National Petroleum Corp. (NNPC) more info
- Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm (Oct 16)
- Oil Pipeline Fire in Nigeria Kills 60 (Oct 15)
- Nigeria's State Oil Company Considers Refinery Partnerships (Aug 14)