Oil giant, ExxonMobil Corporation, yesterday announced that it had made a significant discovery of between 500 million and 1 billion barrels of oil reserves on the Owowo field offshore Nigeria.
In a statement issued Thursday, the Texas-based multinational oil and gas corp. said that the Owowo-3 well, which is 10,410 feet deep (3,173 metres), had a 460-foot column of oil-soaked rock.
ExxonMobil, which is the world’s largest publicly traded international oil and gas company, is the operator of the project (OPL 223 and OML 139) and owns 27 per cent stake.
Other joint venture partners include Chevron Nigeria Deepwater (27% interest), Total E&P Nigeria and Nexen Petroleum Deepwater Nigeria (18 percent interest), and the Nigeria Petroleum Development Company Limited (10%).
“We are encouraged by the results and will work with our partners and the government on future development plans”, said Stephen M. Greenlee, President of ExxonMobil Exploration Company.
Mr. Greenlee, however, warned that the discovery and other future activities around it are subject to revisions.
“Statements of future events or conditions in this release are forward-looking statements.
“Actual future results, including project plans and schedules and resource recoveries could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; the outcome of future exploration and development efforts”, he said.
The Owowo field spans portions of the contract areas of Oil Prospecting License 223 (OPL 223) and Oil Mining License 139 (OML 139).
The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Nigeria (Deepwater Ventures) Limited and proved additional resource in deeper reservoirs.
The discovery is a significant boost to Nigeria’s efforts to increase her crude oil reserves from the current 36 billion barrels to 40 billion barrels target – set for 2010 but could not be achieved as a result of lack of investment in exploratory activities.
It also came days after ExxonMobil sold its 60 per cent stake in Mobil Oil Nigeria Plc to Nipco Plc.
Fayemi Names Members Of Judicial Panel On Human Rights Violations By Police
Governor of Ekiti State, Kayode Fayemi has constituted a judicial panel of inquiry to investigate cases of human rights violations against police officers.
The Governor named retired Justice Cornelius Akintayo and retired Police Commissioner, Mr. Dipo Ayeni, as members of the Judicial Panel of Inquiry.
This decision was contained in a statement signed by the governor’s Chief Press Secretary, Yinka Oyebode.
Other members of the panel are: Mrs. Yetunde Kolawole, State Counsel- Representing the Honourable Attorney-General & Commissioner for Justice,
Mrs. Kikelomo Owolabi, Chairperson, Nigerian Bar Association, Ikere-Ekiti Branch, and Mr. Rotimi Ojomoyela, Chair, Nigerian Union of Journalists, Ekiti State Branch.
Others include: Mr. Jamiu Abiodun Adigun, Representative, National Human Rights Commission, Mr. Adeyinka Opaleke, Representative, Legal Aid Council of Nigeria, Ms. Caroline Fakinlede, Ekiti State Youths Representative, Mr. Abiola Johnson-Ogunleye- Ekiti State Students Representative and Mr. Akin Rotimi, Researcher, Police Reforms.
#EndSARS: ‘Protesters Are Not Here To Cause Chaos’ – Shehu Sani
This is coming at a time when there have been reports of the government planning to deploy troops of the Nigerian military to control the situation which has heightened the tension in the country.
Reacting to the reports, the former lawmaker from Kaduna stated that the protesters are not mischief-makers as being reported in some quarters but rather people who want the chaos in the country to end.
See the post below:
The protesters are not here to cause chaos but to end it.#EndSARS
— Senator Shehu Sani (@ShehuSani) October 19, 2020
BREAKING: Abuja #EndSARS Protesters Block Kuje, Airport Road
#EndSARS protesters have blocked the Kuje road leading to the Shehu Musa Yar’Adua expressway.
The protesters also blocked the Airport road, preventing motorists from the right of way.
Although it has been reported that Soldiers have blocked the initial venue of the planned #EndSARS protest in Abuja.
The military officers were stationed at the popular Aya roundabout early Monday morning, with a roadblock and barricade.
Also, police officers are stationed in front of the Central Bank of Nigeria (CBN) headquarters with Armoured Personnel Carrier and water cannons.
The protesters gathered at the Kuje road and the Airport road to press home their demands.
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