OML 40 is a producing conventional 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 40. Buy the profile here.
Field participation details
The field is owned by NNPC, Seplat Energy and StarCrest Nigeria Energy.
Production from OML 40
The OML 40 conventional oil field recovered 41.02% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 19.92 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 120.05 Mmboe, comprised of 120.05 Mmbbl of crude oil & condensate. OML 40 conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
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 40 Conventional Oil Field, buy the profile here.