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December 8, 2021

OML 58 Conventional Oil Field, Nigeria

By Carmen

OML 58 is a producing conventional oil field located onshore Nigeria and is operated by Total E&P Nigeria. The field is located in block OML 58.

Field participation details

The field is owned by TotalEnergies and Nigerian National Petroleum.


Production from OML 58

The OML 58 conventional oil field recovered 66.61% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 25.5 thousand bpd of crude oil and condensate, 233 Mmcfd of natural gas and 213 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 533.98 Mmboe, comprised of 84.92 Mmbbl of crude oil & condensate, 999.99 bcf of natural gas reserves and 1,694.35 bcf of liquid natural gas reserves. OML 58 conventional oil field reserves accounts 0.11% of total remaining reserves of producing conventional oil fields globally.


About Total E&P Nigeria

Total E&P Nigeria Limited (TEPNG), formerly Elf Petroleum Nigeria Limited is engaged in exploration and production of oil and gas.

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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