Oak is a producing conventional oil field located in shallow water in Cameroon and is operated by Perenco Rio Del Rey. The field is located in block Oak.
Field participation details
The field is owned by Creative Energy, Perenco Holdings, National Hydrocarbons and Glencore.
Production from Oak
The Oak conventional oil field recovered 38.67% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 8.38 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 8% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 10.02 Mmboe, comprised of 10.02 Mmbbl of crude oil & condensate.
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.