facebook
twitter
rss
account
search
search
 

Deep-water oil work started in Nigeria

Feb. 27, 2012 at 9:06 AM   |   Comments

PARIS, Feb. 27 (UPI) -- French supermajor Total announced it started production at the Usan field in deep waters off the coast of Nigeria.

Total announced that production began about 60 miles off the coast of Nigeria in waters about 2,700 feet deep. The Usan field is the second deep-water development for Total in Nigeria in three years.

"This project demonstrates the ability of Total, a key operator of large-scale deep offshore developments in the Gulf of Guinea, to lead ambitious projects that will contribute to increase production for the Group and for the country," said Yves-Louis Darricarrere, president of Total exploration and production, in a statement.

Total worked with Chevron in the Nigerian field development. Project development at the field includes the use of a floating production, storage and offloading vessel that can store 2 million barrels of oil. It can produce as much as 180,000 barrels of crude oil per day.

Nigeria has at least 37 billion barrels of crude oil reserves and is the fifth-largest exporter to U.S. markets.

Oil exploration declined in Nigeria because producers are wary of investments without laws governing the energy sector. Legislation has been stalled in Parliament since 2009, though Nigerian officials had said a draft petroleum law would be sent to lawmakers within six weeks.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Northrop Grumman developing reusable space plane for lifting spacecraft into orbit
2
Embraer refining KC-390 transport
3
Navy to test Lockheed Martin's FORTIS exoskeleton
4
Iran wants to develop mini-LNG plants
5
Slovakia plants seed in Ukrainian gas sector
Trending News
Video
x
Feedback