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  1. Market Data
May 6, 2022

OML 98 Conventional Oil Field, Nigeria

By Carmen

OML 98 is a producing conventional oil field located onshore Nigeria and is operated by Nigerian Petroleum Development. The field is located in block OML 98.

Field participation details

The field is owned by Nigerian National Petroleum.


Production from OML 98

The OML 98 conventional oil field recovered 95.05% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 23.98 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031.


Remaining recoverable reserves

The field is expected to recover 7.27 Mmboe, comprised of 43.65 bcf of natural gas reserves.


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.

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