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December 8, 2021updated 27 Apr 2022 12:56pm

OML 49, 90, 95 Conventional Oil Field, Nigeria

By Carmen

OML 49, 90, 95 is a producing conventional oil field located in shallow water in Nigeria and is operated by Chevron Nigeria. The field is located in block OML 90, OML 95, and OML 49, with water depth of 656 feet.

Field participation details

The field is owned by Nigerian National Petroleum and Chevron.


Production from OML 49, 90, 95

The OML 49, 90, 95 conventional oil field recovered 87.41% of its total recoverable reserves, with peak production in 2006. The peak production was approximately 372.28 thousand bpd of crude oil and condensate, 103 Mmcfd of natural gas and 1 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 7% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 767.91 Mmboe, comprised of 595.68 Mmbbl of crude oil & condensate, 881.32 bcf of natural gas reserves and 152.03 bcf of liquid natural gas reserves. OML 49, 90, 95 conventional oil field reserves accounts 0.17% of total remaining reserves of producing conventional oil fields globally.


About Chevron Nigeria

Chevron Nigeria Ltd (Chevron Nigeria) a subsidiary of Chevron Corporation is an oil and gas company that offers exploration, production and transportation of crude oil and natural gas. The company distributes products such as additives, jet fuels, base oil, chemical, fuel, lubricant, marine fuels and lubricants and process oils. It operates the Agbami Field, which is located off the coast of the central Niger Delta region. The company also has a nonoperated interest in the Usan Field. It has invested in power generating facilities in the US and other countries. Chevron Nigeria is headquartered in Lagos, 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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