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December 7, 2021

OML 17 Conventional Oil Field, Nigeria

By Carmen

OML 17 is a producing conventional oil field located onshore Nigeria and is operated by TNOG Oil and Gas. The field is located in block OML 17.

Field participation details

The field is owned by TNOG Oil and Gas and Nigerian National Petroleum.


Production from OML 17

The OML 17 conventional oil field recovered 96.75% of its total recoverable reserves, with peak production in 1981. The peak production was approximately 126.99 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 49.47 Mmboe, comprised of 34.95 Mmbbl of crude oil & condensate and 87.12 bcf of natural gas reserves. OML 17 conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About TNOG Oil and Gas

TNOG Oil and Gas Ltd (TNOG) focuses on oil and gas exploration & production. TNOG is headquartered in 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.

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