OML 102 is a producing conventional oil field located in shallow water in Nigeria and is operated by Total E&P Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 102 (OPL 97), with water depth of 426 feet. Buy the profile here.
Field participation details
The field is owned by NNPC and TotalEnergies.
Production from OML 102
The OML 102 conventional oil field recovered 83.67% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 76.41 thousand bpd of crude oil and condensate, 50.00 Mmcfd of natural gas and 56 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 80.08 Mmboe, comprised of 37.68 Mmbbl of crude oil & condensate, 101.13 bcf of natural gas reserves and 153.29 bcf of liquid natural gas reserves. OML 102 conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
About Total E&P Nigeria
Total E&P Nigeria Limited (TEPNG), formerly Elf Petroleum Nigeria Limited is engaged in exploration and production of oil and gas.
For more details on the OML 102 Conventional Oil Field, buy the profile here.