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  1. Market Data
April 28, 2022

Barracuda Conventional Oil Field, Nigeria

By Carmen

Barracuda is a conventional oil development located in shallow water in Nigeria and is operated by Emerald Energy Resources. Discovered in 2020, Barracuda lies in block OML 141 (OPL 229), with water depth of around 118 feet.

The project is currently in approval stage and is expected to start commercial production in 2023.

Field participation details

The field is owned by Amni International Petroleum Development, Emerald Energy Resources and Supernova Energy.


Production from Barracuda

Production from the Barracuda conventional oil development project is expected to begin in 2023 and is forecast to peak in 2028, to approximately 22,964 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 95.38 Mmboe, comprised of 95.38 Mmbbl of crude oil & condensate.


Contractors involved in the Barracuda conventional oil field

The key contractors involved in the Barracuda project as follows.

Other Contractors: Subsea 7

About Emerald Energy Resources

Emerald Energy Resources Ltd (EERL) is an oil and gas exploration company. The company conducts petroleum and natural gas field development, production and life cycle asset management in Nigeria. It offers oil and gas resources; acquires additional acreages, downstream project management, and exploration and production establishment services. EERL also provides investment services for hydrocarbon value chains which include gathering, processing and transportation of natural gas. The company also operates in downstream projects. EERL is headquartered in Lagos, Nigeria.

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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