Petrobras to start operation in Nigerian oil field

May 04, 2005 02:00 AM

Brazilian State-run oil firm Petrobras announced that it will start the exploitation of a huge oil field at Akpo, Nigeria, along with other firms.
The Akpo field, with a depth of 1,100-1,700 meters, has high- quality crude and is located 200 km from the southern Nigerian city of Port Harcourt, said Petrobras.

The Petrobras experts will directly participate in the drilling of 22 wells for the extraction of petroleum, after approval from the Nigerian National Petroleum Corporation (NNPC).
The field, discovered in 2000 in the Nigerian continental shelf, will be exploited by a consortium consisting of French Total, as operator, as well as NNPC, South Atlantic Petroleum (a private Nigerian firm) and Petrobras, which has a 16-% share of total exploitation rights.

The Akpo field will be capable of generating 225,000 bpd of crude in 2008, 80 % of which will be light oil, the most valued worldwide.

Source: Xinhua
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