OPUAMA

Opuama.jpg

Highlights

Type: Oil reserve
Production: 10,000 bopd (early 2017)
Discovered: 1972
Gross 2P: 57.4 mmbbl
Location: 92km NW of Warri 
Reservoir Depth: 7,600–8,900ft

  • OML 40 was awarded to SPDC in 1962.
  • The Opuama field was in production from 1975 until 2006 and during that period produced 43.4 mmbbl.
  • In 2006, SPDC undertook a controlled shut down of OML 40.
  • In September 2012 Elcrest Exploration & Production Nigeria Limited purchased a 45% interest in the OML 40 licence.
  • The Opuama field was returned to production in February 2014.

The reservoirs contain light crudes with API gravities ranging from 47.5° in the shallow reservoirs to 37.8° in the deep and saturated reservoirs. There has been very little pressure depletion over the 30 plus years of production, which indicates a strong aquifer support and consequently leading to very high total ultimate oil recoveries.

Oil can be exported by two routes: (i) via the Shell-operated Trans Escravos Pipeline network running from the Opuama field south along the coastline to the Forcados Oil Terminal, (ii) via shipping to an offshore FPSO.

  • Following the successful production test on Opuama-3 in November 2016 production recommenced in early 2017 via barging.
  • We are currently planning a workover on Opuama-7 in H1-2017 and then an infill development drilling programme on the Opuama field.