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November 26, 2021

Otakikpo Conventional Oil Field, Nigeria

By Carmen

Otakikpo is a producing conventional oil field located onshore Nigeria and is operated by Green Energy. The field is located in block Otakikpo (OML 11).

An expansion project is associated with the Otakikpo, namely Otakikpo Phase 2. This project is currently in the construction stage, expected to start in 2021.

Field participation details

The field is owned by Lekoil and Green Energy.


Production from Otakikpo

The Otakikpo conventional oil field recovered 16.16% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 19 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050.


Remaining recoverable reserves

The field is expected to recover 37.52 Mmboe, comprised of 37.52 Mmbbl of crude oil & condensate. Otakikpo conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Otakikpo conventional oil field

Some of the key contractors involved in the Otakikpo project as follows.

Other Contractors: China Petrochemical and Schlumberger

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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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