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  1. Market Data
April 28, 2022

Udele Conventional Oil Field, Nigeria

By Carmen

Udele is a conventional oil development located in shallow water in Nigeria and is operated by Addax Petroleum Development Nigeria. Discovered in 2007, Udele lies in block OML 137, with water depth of around 623 feet.

The project is currently in approval stage and is expected to start commercial production in 2024.

Field participation details

The field is owned by China Petrochemical.


Production from Udele

Production from the Udele conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 45,151 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2059.


Remaining recoverable reserves

The field is expected to recover 155.72 Mmboe, comprised of 155.72 Mmbbl of crude oil & condensate.


Contractors involved in the Udele conventional oil field

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

EPC Contractors: Kaztec Engineering

Other Contractors: Eni and Enrux Positioning & Survey

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.

Related Companies

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