Middle East Economic Survey

VOL. XLIX

No 21

22-May-2006

OPEC

ExxonMobil Announces Uge Oil Discovery Offshore Nigeria

ExxonMobil on 16 May announced an oil discovery with its Uge-1 wildcat drilled on the OPL 214 block in 4,144ft of water offshore Nigeria. The well was drilled to a total depth of 16,831ft and cut more than 300ft of net pay. The company did not announce a well flow rate, but said that studies were under way to evaluate the find and set out development options. Uge lies 90 miles...