Okwuibome 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 143 (OPL 280). Buy the profile here.
Field participation details
The field is owned by Allene Energy and Sterling Exploration and Energy Production.
Production from Okwuibome
The Okwuibome conventional oil field recovered 26.83% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 47.76 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2082. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 249.99 Mmboe, comprised of 249.99 Mmbbl of crude oil & condensate. Okwuibome conventional oil field reserves accounts 0.06% of total remaining reserves of producing conventional oil fields globally.
For more details on the Okwuibome 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.
