Exxon Mobil discovers 1bn barrel of crude oil in Nigeria

The United States-based Exxon Mobil Corporation Thursday, said it has discovered about one billion barrels of Crude oil at the Owowo field which is located off shore Koloama community in Bayelsa state.

ExxonMobil, the largest publicly traded international oil and gas company, said that the Owowo-3 well had a 460-foot column of oil-soaked rock. The well is 10,410 feet deep.