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November 23, 2021

Kolo Creek Conventional Oil Field, Nigeria

By Carmen

Kolo Creek is a producing conventional oil field located onshore Nigeria and is operated by Shell Petroleum Development Company of Nigeria. The field is located in block OML 28.

Field participation details

The field is owned by Royal Dutch Shell, Nigerian National Petroleum, TotalEnergies and Eni.


Production from Kolo Creek

The Kolo Creek conventional oil field recovered 89.29% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 172 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035.


Remaining recoverable reserves

The field is expected to recover 31.74 Mmboe, comprised of 2.49 Mmbbl of crude oil & condensate and 175.5 bcf of natural gas reserves. Kolo Creek 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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