Exxon Mobil has started operations in Nigeria to produce and sell natural gas liquids.
The company has commenced a US$1.3bn project in Nigeria that will be operated by its subsidiary, Mobil Producing Nigeria Unlimited. The company’s project, East Area Natural Gas Liquids II, is expected to recover around 275mbbl of natural gas liquids from associated gas produced in East Area reservoirs from Blocks OML 67, 68 and 70.
Mark Albers, Exxon’s senior vice president said: “The East Area NGL II project was completed ahead of schedule with outstanding safety performance and demonstrates ExxonMobil's ongoing commitment to helping meet the world's growing need for energy. In addition, this project represents the first time a major oil and gas joint venture in Nigeria has completed a financing package exclusively through Nigerian financial institutions.”
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