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December 2, 2021

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 68.44% 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 2042. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 30.68 Mmboe, comprised of 30.68 Mmbbl of crude oil & condensate. Okoro-Setu conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Amni International Petroleum Development

Amni International Petroleum Development Co Ltd (Amni) is an oil and gas exploration and production company. The company major products are oil and gas. Amni major operations are from amni nigeria and amni ghana, the amni nigeria operations include OML 112, OML117, okoro, setu, ima; the amni Ghana operations include central tano black. The company also does the education and infrastructure work which helps for the development of platforms, pipelines and as an off shore terminal. 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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