Olende Fuel is a producing conventional oil field located onshore Gabon and is operated by Perenco Holdings.
Field participation details
The field is owned by Perenco Holdings.
Production from Olende Fuel
The Olende Fuel conventional oil field recovered 75.23% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 6.92 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3.52 Mmboe, comprised of 3.52 Mmbbl of crude oil & condensate.
About Perenco Holdings
Perenco Holdings (Perenco) is an independent oil and gas company. It develops, produces, explores, transports, and stores crude oil and natural gas. It produces boepd through its development, drilling and operations. The company has operations across Asia, Europe, Central Africa, the Mediterranean and Latin America. It operates onshore and offshore fields in the UK, Mexico, Gabon, Trinidad and Tobago, Cameroon, Democratic Republic of the Congo, Colombia, Guatemala, Congo, Tunisia, Turkey, Peru, France and Vietnam. The company has a balanced portfolio with production base, development projects and other exploration prospects. It operates as a subsidiary of Perenco International Ltd. Perenco is headquartered in London, England, the UK.
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.