NIGERIAN CRUDE INCREASES BY 65,000 BPD

Mobil producing yesterday announced an additional contribution to production output of 65,000 barrels per day from it Erha North Phase 2 project and would ramp up production to 90,000 bpd.


The company released  a  statement yesterday saying: “The project is estimated to develop an additional 165 million barrels from Erha North field.”
It added that the project saved $400 million in cost.
The Erha North Phase 2 is a deepwater subsea development project under a Production Sharing Contract, PSC, located 60 miles offshore, in 3,300 feet of water and four miles north of the Erha Field, which has been producing since 2006.