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  1. Market Data
May 2, 2022

Obele Conventional Oil Field, Nigeria

By Carmen

Obele is a producing conventional oil field located onshore Nigeria and is operated by Shell Petroleum Development Co of Nigeria. The field is located in block OML 22.

Field participation details

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


Production from Obele

The Obele conventional oil field recovered 67.25% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 0.7 thousand bpd of crude oil and condensate and 21 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059.


Remaining recoverable reserves

The field is expected to recover 15.46 Mmboe, comprised of 2.42 Mmbbl of crude oil & condensate and 78.23 bcf of natural gas reserves.


About Shell Petroleum Development Co of Nigeria

Shell Petroleum Development Co of Nigeria Ltd (Shell Petroleum Development) is an oil production company. Shell Petroleum Development is headquartered in Abuja, Nigeria.

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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