Chevron Confirms First Production from Usan Deepwater Field

abarrelfullabarrelfull wrote on 26 Feb 2012 08:57
Tags: africa chevron exxon nexen nigeria total upstream


Chevron Corporation (NYSE: CVX) through its Nigerian subsidiary Chevron Nigeria Limited today confirmed first production from the deepwater offshore Usan project in Nigeria.

“Usan represents an important milestone in progressing Chevron’s queue of major capital projects,” said Vice Chairman George Kirkland. “The project demonstrates our growth in West Africa, which is a leading global resource basin.”

Discovered in 2002, the Usan field is located approximately 62 miles (100 kilometers) off the coast of the Niger Delta in water depths of about 2,400 feet (750 meters). The project will utilize a floating production, storage and offloading (FPSO) vessel with a storage capacity of two million barrels of oil and a maximum total daily production capacity of 180,000 barrels of crude oil. Associated gas will be re-injected in the reservoir. Partners in the Usan project include Chevron Petroleum Nigeria Limited (30 percent), Total E&P Nigeria Limited (20 percent and operator), Esso E&P Nigeria (Offshore East) Limited (30 percent) and Nexen Petroleum Nigeria Limited (20 percent).

Usan is Chevron’s second deepwater project in Nigeria. The Agbami project achieved first oil in 2008 and is currently producing approximately 240,000 barrels of crude oil per day. Chevron holds a 67.3 percent interest and operates the Agbami project.


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