CXY First oil production in Nigeria
Symbol: CXY
Index: 200
Canadian Occidental Petroleum Ltd CXY
Shares issued 136,743,845 Sep 22 close $27.70
Wed 23 Sept 98 News Release
Mr. Victor Zakleschuk reports
The first oil has begun flowing at the Ejulebe field in Nigeria. The EJ-3
development well is currently flowing into the CanadianOxy built production
facilities, which are connected to the Ukpokiti storage and tanker loading
terminal.
The Ejulebe field is off the coast of Nigeria in water depth of approximately
45 feet, with reservoirs at depths between 6,000 and 8,000 feet. Four high
capacity production wells and one water injection well have been drilled to
deplete the field. All production facilities have been commissioned and
testing will continue over the next several weeks prior to achieving full
commercial production rates of 10,000 barrels of oil per day in October.
Dir's: Feick John E, Hawke J Howard, Hentschel David A, Irani Ray R, Jenkins
Kevin J, Laurance Dale R, Saville Francis M, Thomson Richard M, Willson John
M, Wittman Gordon R, Zaleschuk Victor J
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