Mobil Nigeria targets 1 mm bpd output in 2010

Apr 26, 2005 02:00 AM

Mobil Producing Nigeria (MPN) will hit an output level of more than 1 mm bpd of crude oil by 2010.
Managing director, Mr John Chaplin, told that the output boost would be the result of the companies field development projects in its shallow water and deep offshore concessions. He said the world class Erha field was nearing its first oil coming on stream) scheduled for first quarter of 2006 to add 150,000 bpd (150 kbpd) to the company's current 600 kbpd and boost out put to 750 kbpd.

MPN is the second largest producer in the Nigerian upstream petroleum industry, just behind Shell Petroleum Development Company (SPDC) Nigeria.
Mr Chaplin hinted that the Erha field, when on stream, would come at a high flow rate since, he said, the wells had been drilled earlier to ensure production on schedule. He listed another project for the output boost to be the conventional offshore Yoho field with a reserve base of 400 mm barrels in oil mining lease (OML) 104. He said production from Yoho would be improved by 50 kbpd from 120 kbpd to 180 kbpd by year end.

The Mobil boss said all the field development projects are modelled to accommodate associated gas projects for reinjection and feedstock to planned LNG projects in the eastern Niger Delta. He said the company would tap opportunities in the LNG markets in Europe and American when the project comes on stream by 2010.
All the projects in field development and gas processing, he said, are estimated at over $ 10 bn (1.35 tn).

Source: Daily Champion
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