OML 29 is a producing conventional oil field located onshore Nigeria and is operated by Aiteo Eastern E&P. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 29. Buy the profile here.
Field participation details
The field is owned by Aiteo Energy Resources and NNPC.
Production from OML 29
The OML 29 conventional oil field recovered 97.97% of its total recoverable reserves, with peak production in 1990. The peak production was approximately 152.24 thousand bpd of crude oil and condensate. 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 23.91 Mmboe, comprised of 18.37 Mmbbl of crude oil & condensate and 33.26 bcf of liquid natural gas reserves. OML 29 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the OML 29 Conventional Oil Field, buy the profile here.