Oza is a producing conventional oil field located onshore Nigeria and is operated by Millenium Oil and Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Oza (OML 11). Buy the profile here.
Two expansion projects are associated with the Oza conventional oil field, namely the Oza Phase 2 Development and the Oza Phase 3 Development. The expansion projects are currently in the construction and feasibility stage.
Field participation details
The field is owned by Emerald Energy Resources, Hardy Oil and Gas and Millenium Oil and Gas.
Production from Oza
The Oza conventional oil field recovered 2.51% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 4.94 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2087.
Remaining recoverable reserves
The field is expected to recover 30.69 Mmboe, comprised of 30.69 Mmbbl of crude oil & condensate. Oza conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the Oza 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.
