Mobil Producing Nigeria Unlimited, a subsidiary of Exxon Mobil Corporation, in joint venture with the Nigerian National Petroleum Corporation, has announced a rich gas condensate discovery in Oil Mining Licence 104.
The block is located approximately 75 kilometres offshore Akwa Ibom State.
MPN, in a statement issued on Monday, said, “The Pegi-1 discovery well was drilled in 315 feet (96 metres) of water to a total depth of 11,407 feet (3,477 metres) beneath the Awawa Field and encountered 165 net feet (50.3 metres) of rich gas condensate.
“Analysis of recovered samples indicates an API gravity of approximately 41 degrees. Significant additional potential remains in untested deeper targets within the Pegi fault block as well as in adjacent fault blocks.
Read More:http://www.punchng.com/Articl.aspx?theartic=Art201011023531056
No comments:
Post a Comment