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France's Total launches second Nigerian deep water oil project
0 Comments | AFP, May, 2008
PORT HARCOURT, Nigeria (AFP) — The French oil company Total Monday launched its second Nigerian deep water drilling project, scheduled to come on stream in 2012 and expected eventually to yield 180,000 barrels a day.
The head of Total Nigeria Jacques Marraud des Grottes signed the multi-billion dollar investment at an official signing ceremony.
The new Usan project follows Total's first Nigerian deep water investment, the Akpo field. Deep water fields are further out to sea than offshore fields in shallower waters nearer the coastline.
The new field will be operated by Elf Petroleum Nigeria Limited, a Total subsidiary.
Prospecting in the area began in 1993.
Marraud des Grottes said the new field would be developed in partnership with the...
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