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December 8, 2021

OML 55 Conventional Oil Field, Nigeria

By Carmen

OML 55 is a producing conventional oil field located onshore Nigeria and is operated by Seplat Energy. The field is located in block OML 55.

Field participation details

The field is owned by Belemaoil Producing and Nigerian National Petroleum.


Production from OML 55

The OML 55 conventional oil field recovered 99.32% of its total recoverable reserves, with peak production in 1995. The peak production was approximately 82.92 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2024.


Remaining recoverable reserves

The field is expected to recover 3.05 Mmboe, comprised of 3.05 Mmbbl of crude oil & condensate.


About Seplat Energy

Seplat Energy PLC (Seplat) is an independent upstream oil and gas company which focuses on the acquisition, development and production of oil and natural gas in Nigeria. The company has its portfolio of assets in the prolific Niger Delta region. Its major fields include Oben, Amukpe, Okporhuru, Ovhor, Orogho, Sapele, Umuseti, Igbuku, Jisike, Ohaji South, Robertkiri, Idama, and Inda, among others. It also invested in midstream gas processing facilities and provides processed gas to the domestic market. The company markets processed gas and LPG in the domestic market and sells crude oil in the international market. Seplat 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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