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December 8, 2021updated 27 Apr 2022 12:28pm

OML 104, 67, 68, 70 Conventional Oil Field, Nigeria

By Carmen

OML 104, 67, 68, 70 is a producing conventional oil field located in shallow water in Nigeria and is operated by Mobil Producing Nigeria UnLtd. The field is located in block OML 67, OML 70, OML 68, and OML 104 (OPL 94), with water depth of 656 feet.

Field participation details

The field is owned by Exxon Mobil and Nigerian National Petroleum.


Production from OML 104, 67, 68, 70

The OML 104, 67, 68, 70 conventional oil field recovered 93.46% of its total recoverable reserves, with peak production in 1998. The peak production was approximately 768.11 thousand bpd of crude oil and condensate, 208 Mmcfd of natural gas and 0.24 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 484.79 Mmboe, comprised of 387.28 Mmbbl of crude oil & condensate, 498.85 bcf of liquid natural gas reserves and 14.37 Mmbbl of natural gas liquid reserves. OML 104, 67, 68, 70 conventional oil field reserves accounts 0.11% 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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