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  1. Market Data
May 5, 2022

Ceiba Conventional Oil Field, Equatorial Guinea

By Carmen

Ceiba is a producing conventional oil field located in deepwater in Equatorial Guinea and is operated by Trident Energy EG Operations. The field is located in block Block G, Block F, and Ceiba Development Area, with water depth of 2,622 feet.

Field participation details

The field is owned by Panoro Energy, GEPetrol, Trident Energy Management and Kosmos Energy.


Production from Ceiba

The Ceiba conventional oil field recovered 74.96% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 51.7 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 69.08 Mmboe, comprised of 69.08 Mmbbl of crude oil & condensate. Ceiba conventional oil field reserves accounts 0.01% 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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