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  1. Market Data
April 28, 2022

Kalaekule Redevelopment Conventional Oil Field, Nigeria

By Carmen

Kalaekule Redevelopment is a conventional oil development located in shallow water in Nigeria and is operated by West African Exploration and Production. Kalaekule Redevelopment lies in block OML 72, with water depth of around 243 feet.

The project is currently in approval stage and is expected to start commercial production in 2024. The Kalaekule Redevelopment conventional oil development will includes fixed platform.

Field participation details

The field is owned by Nigerian National Petroleum, Dangote Industries and FIRST Exploration & Petroleum Development.


Production from Kalaekule Redevelopment

Production from the Kalaekule Redevelopment conventional oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 19,966 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.


Remaining recoverable reserves

The field is expected to recover 75.58 Mmboe, comprised of 75.58 Mmbbl of crude oil & condensate.


Contractors involved in the Kalaekule Redevelopment conventional oil field

Some of the key contractors involved in the Kalaekule Redevelopment project as follows.

Other Contractors: Engro and PE Energy

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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