Uquo is a producing conventional oil field located onshore Nigeria and is operated by Frontier Oil. The field is located in block Uquo (OML 13).
Field participation details
The field is owned by Frontier Oil and Savannah Energy.
Production from Uquo
The Uquo conventional oil field recovered 22.01% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 0.13 thousand bpd of crude oil and condensate and 120 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 98.48 Mmboe, comprised of 0.48 Mmbbl of crude oil & condensate and 588 bcf of natural gas reserves. Uquo conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
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.