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November 25, 2021updated 26 Nov 2021 5:46am

Agbami Conventional Oil Field, Nigeria

By Carmen

Agbami is a producing conventional oil field located in deepwater in Nigeria and is operated by Star Deep Water Petroleum. The field is located in block OML 127 (OPL 216) and OML 128 (OPL 217), with water depth of 4,528 feet.

Field participation details

The field is owned by Chevron, Equinor, Banco BTG Pactual and Africa Oil.


Production from Agbami

The Agbami conventional oil field recovered 85.00% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 241.93 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 5% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 171.57 Mmboe, comprised of 171.57 Mmbbl of crude oil & condensate. Agbami 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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