Mobil Producing Nigeria began operations in Nigeria in 1955
under the name Mobil Exploration Nigeria Incorporated and
was incorporated as Mobil Producing Nigeria on June 16,
1969. Production of crude oil began in February 1970
from the Idoho field, located off the coast of Akwa Ibom
State.
Mobil Producing Nigeria is the operator of the joint venture
with the Nigerian National Petroleum Corporation and holds
a 40% participating interest. MPN is the only major oil
company operating completely offshore; with no onshore
production. The company holds over 800,000 acres in
shallow water offshore southeastern Nigeria. Production
comes from 90 offshore platforms, with 283 flowing
completions in 353 wells with a production capacity of
about 720,000 barrels of crude, condensate and natural gas
liquid (NGL) a day. Of the current total liquid production,
94 kbd is condensate from the OSO field, which is exempt
from OPEC quota restrictions. MPN also produces 45 kbd of
NGL at the OSO NGL platform under a separate
agreement, where it holds a 51% interest in partnership
with the Nigerian National Petroleum Corporation.
We are regularly Selling: crude oil, coke, bitumen, natural gas, graphite, lubricants, fuel oil, paraffin, solid fuel. |
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