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December 8, 2021

Agu Conventional Oil Field, Nigeria

By Carmen

Agu is a producing conventional oil field located onshore Nigeria and is operated by Sterling Exploration and Energy Production. The field is located in block OML 146 (OPL 277).

Field participation details

The field is owned by Sterling Exploration and Energy Production, Prime Time International Energy Services, Domon Oil Services and Kunlun Energy.


Production from Agu

The Agu conventional oil field recovered 6.25% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 44.69 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 233.6 Mmboe, comprised of 233.6 Mmbbl of crude oil & condensate. Agu conventional oil field reserves accounts 0.05% 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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