OML 58 is a producing conventional oil field located onshore Nigeria and is operated by Total E&P Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 58. Buy the profile here.
Field participation details
The field is owned by NNPC and TotalEnergies.
Production from OML 58
The OML 58 conventional oil field recovered 73.88% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 21.26 thousand bpd of crude oil and condensate, 230.00 Mmcfd of natural gas and 211 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 398.07 Mmboe, comprised of 21.16 Mmbbl of crude oil & condensate, 801.17 bcf of natural gas reserves and 1,460.28 bcf of liquid natural gas reserves. OML 58 conventional oil field reserves accounts 0.09% of total remaining reserves of producing conventional oil fields globally.
About Total E&P Nigeria
Total E&P Nigeria Limited (TEPNG), formerly Elf Petroleum Nigeria Limited is engaged in exploration and production of oil and gas.
For more details on the OML 58 Conventional 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.
