OML 18 is a producing conventional oil field located onshore Nigeria and is operated by Eroton Exploration & 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 18. Buy the profile here.
An expansion project is associated with the OML 18, namely the OML 18 Development. This project is currently in the approval stage, expected to start in 2023.
Field participation details
The field is owned by Bilton Energy, Midwestern Oil, NNPC, Sahara Group and San Leon Energy.
Production from OML 18
The OML 18 conventional oil field recovered 99.06% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 85.56 thousand bpd of crude oil and condensate and 63.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 10.12 Mmboe, comprised of 6.46 Mmbbl of crude oil & condensate and 21.99 bcf of natural gas reserves.
Contractors involved in the OML 18 conventional oil field
Some of the key contractors involved in the OML 18 project as follows.
Other Contractors: Penspen and Crestech Engineering
For more details on the OML 18 Conventional Oil Field, buy the profile here.