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News Report: Nigeria’s Usan Offshore Oilfield To Commence Loading In April

USAN

Loading is expected to commence at Usan, a Nigerian Offshore Oilfield operated by French Oil and Gas major, Total, in April, 2012. This is expected to again push Nigeria’s crude oil exports above two million barrels per day (bpd), chidi opara reports learned yesterday from Oil and Gas sector insiders.

Usan is a deepwater facility built by Hyundia, comprising 23 producer wells and 19 water and gas injector wells tied back to a floating production, storage and offloading (FPSO) unit with a storage capacity of 2 million barrels of oil.

USAN is reported to be 320 m in length, 61 m in width, 32 m in depth, and a weight of 114,000 tons, making it the biggest FPSO project in the world.

 Oil and Gas traders, we learned further are eagerly waiting for the loading programme.

Industry experts are of the opinion that the Usan crude would be heavier and would be higher in acidity than other Nigerian crudes.

Usan’s export volume is estimated at about 130,000 to 160,000 barrels per day (bpd).

Nigeria’s Oil exports since October, 2011 have been below two million barrels per day (bpd).