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November 24, 2021updated 27 Apr 2022 11:54am

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 81.41% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 3.96 thousand bpd of crude oil and condensate and 29 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 6.18 Mmboe, comprised of 6.18 Mmbbl of crude oil & condensate.


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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