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    ExxonMobil starts Yoho development

    News // September 12, 2002
    Exxon Mobil Corporation has announced that its subsidiary, Mobil Producing Nigeria Unlimited (MPN), has started development of the Yoho project offshore Nigeria.

    The $1.2 billion project, located in the Nigerian National Petroleum Corporation (NNPC)/MPN joint venture acreage, Oil Mining Lease 104, has estimated recoverable resources of 0.4billion barrels of oil.

    Yoho will develop discoveries in the Yoho and Awawa reservoirs in shallow water depths of 200-300ft.

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