OML 126 is a producing conventional oil field located in shallow water in Nigeria and is operated by Addax Petroleum Development Nigeria. The field is located in block OML 126 (OPL 90), with water depth of 450 feet.

Field participation details

The field is owned by China Petrochemical.


Production from OML 126

The OML 126 conventional oil field recovered 98.13% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 39.76 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.


Remaining recoverable reserves

The field is expected to recover 2.16 Mmboe, comprised of 2.16 Mmbbl of crude oil & condensate.


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.