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ExxonMobil (XOM) Says Offshore Nigeria Oil Discovery Has 500M to 1B Barrels of Oil

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ExxonMobil Announces Significant Oil Discovery Offshore Nigeria

October 27, 2016 11:01 AM EDT

Owowo-3 well encounters high-quality oil-bearing sandstone reservoirs Together with Owowo-2, well confirms discovery of 500 million to 1 billion barrels of oil Future development plans based on discussions with partners and the government

IRVING, Texas--(BUSINESS WIRE)-- Exxon Mobil Corporation (NYSE: XOM) today announced a significant discovery with a potential... More