Okubie is a producing conventional oil field located in shallow water in Nigeria and is operated by Chevron Nigeria. The field is located in block OML 86, with water depth of 656 feet.

Field participation details

The field is owned by Nigerian National Petroleum and Chevron.

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Production from Okubie

The Okubie conventional oil field recovered 97.51% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 1.42 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.


Remaining recoverable reserves

The field is expected to recover 0.05 Mmboe, comprised of 0.05 Mmbbl of crude oil & condensate.


About Chevron Nigeria

Chevron Nigeria Ltd (Chevron Nigeria) a subsidiary of Chevron Corporation is an oil and gas company that offers exploration, production and transportation of crude oil and natural gas. The company distributes products such as additives, jet fuels, base oil, chemical, fuel, lubricant, marine fuels and lubricants and process oils. It operates the Agbami Field, which is located off the coast of the central Niger Delta region. The company also has a nonoperated interest in the Usan Field. It has invested in power generating facilities in the US and other countries. Chevron Nigeria is headquartered in Lagos, Nigeria.

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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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