HD is a conventional oil development located in shallow water in Nigeria and is operated by Shell Petroleum Development Company of Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block OML 77, with water depth of around 131 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2024.
Field participation details
The field is owned by Eni, NNPC, Shell and TotalEnergies.
Production from HD
Production from the HD conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, to approximately 42,374 bpd of crude oil and condensate and 45 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 159.70 Mmboe, comprised of 135.46 Mmbbl of crude oil & condensate and 145.47 bcf of natural gas reserves.
About Shell Petroleum Development Company of Nigeria
Shell Petroleum Development Co of Nigeria Ltd (Shell Petroleum Development) specializes in oil and gas production. The company is headquartered in Nigeria.
For more details on the HD 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.
