Ogo is a conventional oil development located in shallow water in Nigeria and is operated by Optimum Petroleum Development. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Ogo was discovered in 2013, lies in block OPL 310, with water depth of around 328 feet. Buy the profile here.
The project is currently in feed stage and is expected to start commercial production in 2025. 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 Afren, Fenikso and Optimum Petroleum Development.
Production from Ogo
Production from the Ogo conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, 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 2054.
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
The key contractors involved in the Ogo project as follows.
Other Contractors: 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.
For more details on the Ogo 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.
