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November 25, 2021updated 26 Nov 2021 6:02am

Abo Conventional Oil Field, Nigeria

By Carmen

Abo is a producing conventional oil field located in deepwater in Nigeria and is operated by Nigerian Agip Exploration. The field is located in block OML 125 (OPL 316), with water depth of 2,640 feet.

Field participation details

The field is owned by Eni.


Production from Abo

The Abo conventional oil field recovered 38.28% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 39.29 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 195.62 Mmboe, comprised of 195.62 Mmbbl of crude oil & condensate. Abo conventional oil field reserves accounts 0.04% of total remaining reserves of producing conventional oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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