Thursday, March 31, 2011

FACTBOX-Nigerian oil projects

March 30 (Reuters) - Nigeria is home to Africa's largest energy industry, regularly producing more than 2 million barrels of oil equivalent per day (boepd).

Below are details of major oil projects due to start producing in the next 4 years, provided by oil companies and industry sources.


* Usan - Operator Total (TOTF.PA: Quote) says work on the deepwater project will proceed apace this year and is due on stream in 2012 with 180,000 boepd planned production.

* Satellites - Offshore development operated by Exxon Mobil (XOM.N: Quote) due on stream in two phases. The first should produce 70,000 boepd by 2011-2012 with the second phase adding 300,000 boepd ongoing from 2013.

* Gbaran-Ubie - Royal Dutch Shell (RDSa.L: Quote) has already begun producing from this project, which is principally focused on gas. When fully operational later this year it will produce as much as 70,000 boepd.


* Bonga - Nigeria's first deep-water oilfield already has the capacity to produce more than 200,000 boepd. Operator Shell and its partners are making early production projections of 100,000 boepd from Bonga North and 140,000 boepd from Bonga Southwest from 2013.

* Bosi, Erha North - Two more offshore projects operated by Exxon. Projected figures suggest Bosi could reach 135,000 boepd with Erha North adding 50,000 boepd from 2013.

* Egina - the third deep offshore development from Total is undergoing engineering studies and industry sources suggest first oil could arrive in 2014 or 2015. (Reporting by Joe Brock; editing by James Jukwey)

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