{"id":12119,"date":"2016-10-27T20:25:03","date_gmt":"2016-10-27T20:25:03","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=12119"},"modified":"2016-10-27T20:25:03","modified_gmt":"2016-10-27T20:25:03","slug":"exxon-mobil-discovers-one-billion-barrels-of-oil-on-the-owowo-field-offshore-nigeria","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=12119","title":{"rendered":"Exxon Mobil discovers one billion barrels of oil on the Owowo field offshore Nigeria."},"content":{"rendered":"<p><code><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- www.deltanewsroom.com --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-2163942495525027\" data-ad-slot=\"1411897411\" data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/code><\/p>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16529\" dir=\"ltr\">\n<p><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_17941\">United States-based Exxon Mobil Corporation <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_248453886\"><span class=\"aQJ\">on Thursday<\/span><\/span> s<a href=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/10\/ExxonMobil-Nigeria-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-12120\" src=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/10\/ExxonMobil-Nigeria-1-300x193.jpg\" alt=\"exxonmobil-nigeria\" width=\"300\" height=\"193\" srcset=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/10\/ExxonMobil-Nigeria-1-300x193.jpg 300w, http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/10\/ExxonMobil-Nigeria-1.jpg 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>aid it had discovered up to one billion barrels of oil <\/span><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_17857\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_17942\">on the Owowo field <\/span>offshore Nigeria.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.alternativeadvert.com\/show.php?z=30&amp;pl=11330&amp;ad_type=59&amp;rl=180\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_17866\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16530\"><\/span><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16530\">The oil major said it was \u201ca significant discovery with a potential recoverable resource of between 500 million and one billion barrels\u201d.<\/span><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_17952\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16530\">\u00a0<\/span><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16531\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16532\">It said the Owowo-3 well, which was spud on <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_248453887\"><span class=\"aQJ\">September 23<\/span><\/span>, encountered about 460 feet (140 meters) of oil-bearing sandstone reservoir.<\/span><\/div>\n<div><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16533\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16534\">Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 515 feet (157 meters) of oil-bearing sandstone reservoir, ExxonMobil said in a statement on its website.<\/span><\/div>\n<div><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16535\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16536\">The President, ExxonMobil Exploration Company, Stephen Greenlee, said, \u201cWe are encouraged by the results and will work with our partners and the government on future development plans.\u201d<\/span><\/div>\n<div><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16537\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16538\">The company said Owowo-3 was safely drilled to 10,410 feet (3,173 meters) in 1,890 feet (576 meters) of water.<\/span><\/div>\n<div><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16539\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16540\">The Owowo field spans portions of the contract areas of Oil Prospecting License 223 and Oil Mining License 139. The well was drilled by ExxonMobil affiliate Esso Exploration and Production Nigeria (Deepwater Ventures) Limited and proved additional resource in deeper reservoirs.<\/span><\/div>\n<div><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16541\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16542\">ExxonMobil holds 27 per cent interest and is the operator for OPL 223 and OML 139. Joint venture partners include Chevron Nigeria Deepwater G Limited (27 percent interest), Total E&amp;P Nigeria Limited (18 per cent interest), Nexen Petroleum Deepwater Nigeria Limited (18 per cent interest), and the Nigeria Petroleum Development Company Limited (10 percent interest).<\/span><\/div>\n<div><\/div>\n<div id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16543\"><span id=\"m_-4803541867839895708yui_3_16_0_ym19_1_1477584950818_16544\">ExxonMobil, the largest publicly traded international oil and gas company, had last week announced the sale of its 60 per cent stake in Mobil Oil Nigeria Plc to Nipco Plc, signaling its exit from the Nigeria\u2019s downstream oil and gas sub-sector.<\/span><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- www.deltanewsroom.com --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-2163942495525027\" data-ad-slot=\"1411897411\" data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p><code><iframe loading=\"lazy\" src=\"https:\/\/www.alternativeadvert.com\/show.php?z=30&amp;pl=11330&amp;ad_type=59&amp;rl=180\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/code><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States-based Exxon Mobil Corporation on Thursday said it had discovered up to one billion barrels of oil on the Owowo field offshore Nigeria. The oil major said it was \u201ca significant discovery with a potential recoverable resource of between 500 million and one billion barrels\u201d. \u00a0 It said the Owowo-3 well, which was spud [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":12120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1],"tags":[2984,3195],"class_list":["post-12119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-exxon-mobil","tag-stephen-greenlee"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/10\/ExxonMobil-Nigeria-1.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-39t","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/12119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12119"}],"version-history":[{"count":1,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/12119\/revisions"}],"predecessor-version":[{"id":12121,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/12119\/revisions\/12121"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/12120"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12119"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}