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, Kunlun Energy, Domon Oil Services and Prime Time International Energy Services.
Production from Agu
The Agu conventional oil field recovered 12.80% of its total recoverable reserves, with peak production 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 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 217.28 Mmboe, comprised of 217.28 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.