OML 124 is a producing conventional oil field located onshore Nigeria and is operated by Addax Petroleum Development Nigeria. The field is located in block OML 124 (OPL 118).

Field participation details

The field is owned by China Petrochemical.

Production from OML 124

The OML 124 conventional oil field recovered 88.50% of its total recoverable reserves, with peak production in 1982. The peak production was approximately 15.14 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050.

Remaining recoverable reserves

The field is expected to recover 17.95 Mmboe, comprised of 17.95 Mmbbl of crude oil & condensate.


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.