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...
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