Project Profile
Location: Offshore Nigeria, Africa
Reserves: 500 million - 1 billion barrels of oil
Water depth: 576 metres
Exploration start-up: Sept 23, 2016
The Owowo-3 well encountered about 140 metres of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 157 metres of oil-bearing sandstone reservoir. Owowo-3 was safely drilled to 576 metres of water in 576 metres of water. The Owowo field spans portions of the contract areas of Oil Prospecting License 223 (OPL 223) and Oil Mining License 139 (OML 139). The well was drilled by ExxonMobil affiliate Esso Exploration and Production Nigeria (Deepwater Ventures) Limited and proved additional resource in deeper reservoirs.
Operators:
ExxonMobil: Operator with 27% interest
Chevron Nigeria Deepwater G Limited: 27% interest
Total E&P Nigeria Limited: 18% interest
Nexen Petroleum Deepwater Nigeria Limited: 18% interest
Nigeria Petroleum Development Company Limited (NPDC): 10 % interest