Efe is a conventional oil development located onshore Nigeria and is operated by Newcross Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block OPL 283 (OML 56) and OML 152. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2025.
Field participation details
The field is owned by Newcross Petroleum.
Production from Efe
Production from the Efe conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 10,000 bpd of crude oil and condensate and 83 Mmcfd of natural gas. 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 70.47 Mmboe, comprised of 13.70 Mmbbl of crude oil & condensate and 340.65 bcf of natural gas reserves.
For more details on the Efe 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.
