Middle East Economic Survey

VOL. XLIX

No 31

31-Jul-2006

OPEC/SUPPLY/DEMAND

ExxonMobil Announces New Nigeria Start-Up But Oil Output Down Elsewhere

ExxonMobil announced on 26 July that its affiliate, Mobil Producing Nigeria (MPN) had started up the $1.3bn East Area Additional Oil Recovery project 28km offshore Nigeria. The ExxonMobil project involves the re-injection of gas to mitigate normal output decline from the East Area reservoirs and significantly increase ultimate oil recovery from Blocks...