Okwok is a conventional oil development located in shallow water in Nigeria and is operated by Oriental Energy Resources. Discovered in 1967, Okwok lies in block Okwok (OML 67), with water depth of around 164 feet.
The project is currently in approval stage and is expected to start commercial production in 2023. The Okwok conventional oil development will involve the drilling of approximately 17 wells and includes FPSO, subsea tree, and wellhead platforms.
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Field participation details
The field is owned by Oriental Energy Resources and China Petrochemical.
Production from Okwok
Production from the Okwok conventional oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 24,357 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2044.
Remaining recoverable reserves
The field is expected to recover 48.63 Mmboe, comprised of 48.63 Mmbbl of crude oil & condensate.
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Contractors involved in the Okwok conventional oil field
Some of the key contractors involved in the Okwok project as follows.
EPC Contractors: Sea Trucks Group and Weco Engineering & Construction
Other Contractors: Transocean and Tros offshore
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By GlobalDataAbout Oriental Energy Resources
Oriental Energy Resources Ltd (OERL) is an oil and gas company that offers exploration and production of oil and natural gas properties. The company operates three projects in the offshore Nigerian Oil and Gas industry that include Ebok field, OML 115 and the Okwok field. Its OML 115 is located in the translational structural setting of the prolific offshore eastern Niger Delta. OERL’s ebok oil field is located offshore in Nigeria’s prolific south eastern producing area. The company carries out seismic interpretation, appraisal drilling and development planning programs. It also offers supporter services for Nigerian domestic oil industry. OERL is headquartered in Abuja, 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.
