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November 26, 2021updated 27 Apr 2022 12:05pm

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 commissioning stage, expected to start in 2022.

Field participation details

The field is owned by Green Energy and Lekoil.


Production from Otakikpo

The Otakikpo conventional oil field recovered 29.59% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 14.25 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038.


Remaining recoverable reserves

The field is expected to recover 21.72 Mmboe, comprised of 21.72 Mmbbl of crude oil & condensate.


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

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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