Tubu is a conventional oil development located in shallow water in Nigeria and is operated by Amni International Petroleum Development OML 52. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Tubu was discovered in 1964, lies in block OML 52, with water depth of around 20 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $260 m. The Tubu conventional oil development will involve the drilling of approximately eight wells.
Field participation details
The field is owned by Amni International Petroleum Development OML 52.
Production from Tubu
Production from the Tubu conventional oil development project is expected to begin in 2024 and is forecast to peak in 2027, to approximately 25,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 72.77 Mmboe, comprised of 72.52 Mmbbl of crude oil & condensate and 1.47 bcf of natural gas reserves.
Contractors involved in the Tubu conventional oil field
Some of the key contractors involved in the Tubu project as follows.
Main EPC: OilMax Energy
EPC Contractors: Steering International Nigeria
Other Contractors: Energy and Mineral Resources
For more details on the Tubu 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.
