OML 86 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 86, with water depth of 72 feet.
Field participation details
The field is owned by Nigerian National Petroleum and Chevron.
Production from OML 86
The OML 86 conventional oil field recovered 98.13% of its total recoverable reserves, with peak production in 1996. The peak production was approximately 69.37 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 5.08 Mmboe, comprised of 4.5 Mmbbl of crude oil & condensate and 3.47 bcf of natural gas reserves.
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.