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December 2, 2021updated 27 Apr 2022 12:06pm

Okoro-Setu Conventional Oil Field, Nigeria

By Carmen

Okoro-Setu is a producing conventional oil field located in shallow water in Nigeria and is operated by Amni International Petroleum Development. The field is located in block OML 112 (OPL 469), with water depth of 46 feet.

Field participation details

The field is owned by Amni International Petroleum Development.


Production from Okoro-Setu

The Okoro-Setu conventional oil field recovered 88.90% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 18.8 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028.


Remaining recoverable reserves

The field is expected to recover 8.8 Mmboe, comprised of 8.8 Mmbbl of crude oil & condensate.


About Amni International Petroleum Development

Amni International Petroleum Development Co Ltd (Amni) is an independent oil and gas exploration and production company. Its activities cover entire exploration and production (E&P) life cycle, including the acquisition and interpretation of seismic data, and drilling exploration and appraisal wells, to conducting field development and production of offshore assets. The company has interests in the producing offshore operations, IMA and Okaro oilfields. Amni also owns interest in the development fields, Tubu, Setu and the Central Tano Block. The company operates its own infrastructure, including platforms, pipelines, and an offshore terminal. It has presence in Ghana, Nigeria, the UK, and the US. Amni is headquartered in Lagos, Nigeria.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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