OML 26 is a producing heavy oil field located onshore Nigeria and is operated by Nigerian Petroleum Development. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 26. Buy the profile here.
An expansion project is associated with the OML 26, namely the OML 26 Development. This project is currently in the feasibility stage.
Field participation details
The field is owned by First Hydrocarbon Nigeria and NNPC.
Production from OML 26
The OML 26 heavy oil field recovered 62.17% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 12.17 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 50.69 Mmboe, comprised of 50.69 Mmbbl of crude oil & condensate. OML 26 heavy oil field reserves accounts 0.12% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the OML 26 heavy oil field
Some of the key contractors involved in the OML 26 project as follows.
Other Contractors: Penspen and Crestech Engineering
About Nigerian Petroleum Development
Nigerian Petroleum Development Co Ltd, is an oil and gas company that involved in exploration and development of oil and gas properties. The company is headquartered in Benin City, Edo, Nigeria.
For more details on the OML 26 Heavy 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.
