OML 53 is a producing heavy oil field located onshore Nigeria and is operated by Seplat Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 53. Buy the profile here.
Field participation details
The field is owned by NNPC and Seplat Energy.
Production from OML 53
The OML 53 heavy oil field recovered 90.21% of its total recoverable reserves, with peak production in 1992. The peak production was approximately 9.77 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035.
Remaining recoverable reserves
The field is expected to recover 6.51 Mmboe, comprised of 6.51 Mmbbl of crude oil & condensate. OML 53 heavy oil field reserves accounts 0.02% of total remaining reserves of producing heavy oil fields globally.
About Seplat Energy
Seplat Energy PLC (Seplat) is an independent upstream oil and gas company that focuses on the acquisition, development and production of oil and natural gas in Nigeria. The company has its portfolio of assets in the prolific Niger Delta region. Its major fields include Oben, Amukpe, Okporhuru, Ovhor, Orogho, Sapele, Umuseti, Igbuku, Jisike, Ohaji South, Robertkiri, Idama, and Inda, among others. It also invested in midstream gas processing facilities and provides processed gas to the domestic market. The company markets processed gas and LPG in the domestic market and sells crude oil in the international market. Seplat is headquartered in Lagos, Nigeria.
For more details on the OML 53 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.
