Ogo is a conventional oil development located in shallow water in Nigeria and is operated by Optimum Petroleum Development. Discovered in 2013, Ogo lies in block OPL 310, with water depth of around 328 feet.
The project is currently in feed stage and is expected to start commercial production in 2023. The development cost is expected to be $400 m. The Ogo conventional oil development will involve the drilling of approximately four wells.
Field participation details
The field is owned by Optimum Petroleum Development, Lekoil and Afren.
Production from Ogo
Production from the Ogo conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 15,340 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.
Remaining recoverable reserves
The field is expected to recover 52.26 Mmboe, comprised of 52.26 Mmbbl of crude oil & condensate.
Contractors involved in the Ogo conventional oil field
Some of the key contractors involved in the Ogo project as follows.
Other Contractors: Jacka Resources and Polarcus
About Optimum Petroleum Development
Optimum Petroleum Development Ltd (Optimum Petroleum) is a petroleum exploration company that explores and produces oil and gas assets. The company operates OPL 310 block located in the Dahomey Basin on the transform margin of West Africa in Western Nigeria. It operates oil and gas prospective in combined structural and straitgraphic closures at presumed Cenomanian, Turonian, and Albian levels. Optimum Petroleum conducts electromagnetic survey on various prospects for drilling. The company has oil block in the western part of the Benin Basin and discovers shell and mahogany in Ghana that indicates high hydrocarbon potential. Optimum Petroleum is headquartered in Lagos, 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.