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Total, Chevron, ExxonMobil units get Nigeria's OK to start output at Usan field

PARIS (Thomson Financial) – Nigeria has approved the startup of oil production at the large offshore Usan field by units of Total and partners Chevron, ExxonMobil and Nexen, Total said.
Once production wells are in place, the first oil will start flowing from 2012 and rapidly reach 180,000 barrels per day.
Proved reserves at the field are estimated at 500 mln barrels.
Total has a 20 pct stake in the field and will act as its operator. Chevron and ExxonMobil each have 30 pct stakes, and Nexen has a 20 pct stake. Full Story

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