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December 1, 2021

Okume Complex Conventional Oil Field, Equatorial Guinea

By Carmen

Okume Complex is a producing conventional oil field located in deepwater in Equatorial Guinea and is operated by Trident Energy EG Operations. The field is located in block Block G and Okume Complex Development Area, with water depth of 2,080 feet.

An expansion project is associated with the Okume Complex, namely Okume Infill Project. This project is currently in the commissioning stage, expected to start in 2021.

Field participation details

The field is owned by Kosmos Energy, Trident Energy Management, GEPetrol and Panoro Energy.


Production from Okume Complex

The Okume Complex conventional oil field recovered 64.91% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 83.04 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 131.66 Mmboe, comprised of 131.66 Mmbbl of crude oil & condensate. Okume Complex conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


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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