Agu is a producing conventional oil field located onshore Nigeria and is operated by Sterling Exploration and Energy Production. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 146 (OPL 277). Buy the profile here.
Field participation details
The field is owned by Domon Oil Services, Kunlun Energy, Prime Time International Energy Services and Sterling Exploration and Energy Production.
Production from Agu
The Agu conventional oil field recovered 19.03% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 44.69 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 201.77 Mmboe, comprised of 201.77 Mmbbl of crude oil & condensate. Agu conventional oil field reserves accounts 0.04% of total remaining reserves of producing conventional oil fields globally.
For more details on the Agu Conventional Oil Field, buy the profile here.