North Tchibala is a producing conventional oil field located in shallow water in Gabon and is operated by VAALCO Gabon. The field is located in block Etame Marin and Avouma, with water depth of 260 feet.
Field participation details
The field is owned by VAALCO Energy, China Petrochemical, PetroEnergy Resources and Tullow Oil.
Production from North Tchibala
The North Tchibala conventional oil field recovered 45.39% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 1.79 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 4.07 Mmboe, comprised of 4.07 Mmbbl of crude oil & condensate.
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.