Report summaryOML 70 is one of four shallow water production licences that form the Joint Venture (JV) between NNPC and Mobil Producing Nigeria (MPN), a wholly-owned subsidiary of ExxonMobil. The first commercial discovery, Usari, was made in 1964. Since then over 20 fields have been discovered on the block. Production began in 1970 from the Asabo field with volumes stored in an offshore tanker. In 1971, the onshore Qua Iboe oil terminal was completed and accepts oil and condensate from all fields in ...
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