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November 24, 2021

Oredo Conventional Oil Field, Nigeria

By Carmen

Oredo is a producing conventional oil field located onshore Nigeria and is operated by Nigerian Petroleum Development. The field is located in block OML 111 (OPL 110).

Field participation details

The field is owned by Nigerian National Petroleum.


Production from Oredo

The Oredo conventional oil field recovered 68.07% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 7.15 thousand bpd of crude oil and condensate and 20 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035.


Remaining recoverable reserves

The field is expected to recover 14.27 Mmboe, comprised of 7.92 Mmbbl of crude oil & condensate and 38.14 bcf of natural gas reserves.


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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