Abiala is a conventional oil development located onshore Nigeria and is operated by Elcrest Exploration and Production Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Abiala was discovered in 1990, lies in block OML 40. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2023.
Field participation details
The field is owned by Naphta Global E&P, Seplat Energy and StarCrest Nigeria Energy.
Production from Abiala
Production from the Abiala conventional oil development project is expected to begin in 2023 and is forecast to peak in 2032, to approximately 2,097 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 10.45 Mmboe, comprised of 10.45 Mmbbl of crude oil & condensate.
About Elcrest Exploration and Production Nigeria
Elcrest Exploration and Production Nigeria Ltd (EEPNL) is a joint venture company between Eland Oil and Gas Limited (Eland) and Starcrest Nigeria Energy Limited (Starcrest). The company is specialized in oil and gas exploration and services. EEPNL is headquartered in Nigeria.
In April 2011, EEPNL acquired 45% interest in OML 40 in Niger Delta basin from The Shell Petroleum Development Company of Nigeria Ltd., Total E&P Nigeria Limited, and Nigerian Agip Oil Company Ltd, for a purchase consideration of $157m.
For more details on the Abiala Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
