Exxon Mobil Corporation has made a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo-3 well, in tandem with the Owowo-2 well, offshore Nigeria.
ExxonMobil is the operator and owns 27 percent of Owowo. Nigeria’s state oil company holds majority shares; other partners include Chevron, France’s Total and Chinese-Canadian Nexen.
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