When will the USAN oil project reach its peak production?
The project is expected to reach its peak production of approximately 200,000 bbls/d in 2019. The Usan oil development is located 80 kilometres off the southern coast of Nigeria. Discovered in 2002, the Usan field began producing oil in February 2012.
Who owns the oil & gas block in Nigeria?
This is alongside its partners Total Upstream Nigeria Limited, who is the operator of the block and holds a 24% working interest, Prime Oil and Gas (16% working interest) and South Atlantic Petroleum Limited (15% working interest).
How many barrels of crude will Nigeria produce a day?
The delivery of the first one million barrels of crude will be followed by five million more, which should then allow the plant to begin producing fuel. When fully operational, the $19bn (£15bn) facility in Nigeria’s commercial hub, Lagos, is predicted to produce about 650,000 barrels per day.
Does CNOOC have oil & gas interests in oml130?
CNOOC International has oil and gas interest in deepwater OML130 (Akpo, Egina, Egina South and Preowei) in Port Hartcourt, Nigeria.