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December 8, 2021

OML 18 Conventional Oil Field, Nigeria

By Carmen

OML 18 is a producing conventional oil field located onshore Nigeria and is operated by Eroton Exploration & Production. The field is located in block OML 18.

Field participation details

The field is owned by Nigerian National Petroleum, San Leon Energy, Sahara Group, Midwestern Oil and Bilton Energy.


Production from OML 18

The OML 18 conventional oil field recovered 91.38% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 85.56 thousand bpd of crude oil and condensate and 63 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 99.43 Mmboe, comprised of 93.82 Mmbbl of crude oil & condensate and 33.7 bcf of natural gas reserves. OML 18 conventional oil field reserves accounts 0.02% 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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