OML 40 is a producing conventional oil field located onshore Nigeria and is operated by Nigerian Petroleum Development. The field is located in block OML 40.
Field participation details
The field is owned by Nigerian National Petroleum, Seplat Energy and StarCrest Nigeria Energy.
Production from OML 40
The OML 40 conventional oil field recovered 92.01% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 19.92 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029.
Remaining recoverable reserves
The field is expected to recover 6.73 Mmboe, comprised of 6.73 Mmbbl of crude oil & condensate.
About Nigerian Petroleum Development
Nigerian Petroleum Development Co Ltd, is an oil and gas company that involved in exploration and development of oil and gas properties. The company is headquartered in Benin City, Edo, 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.