Okwok is a conventional oil development located in shallow water in Nigeria and is operated by Oriental Energy Resources. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Okwok was discovered in 1967, lies in block Okwok (OML 67), with water depth of around 164 feet. Buy the profile here.
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The project is currently in commissioning stage and is expected to start commercial production in 2024. The development cost is expected to be $359 m. The Okwok conventional oil development will involve the drilling of approximately 17 wells and includes FPSO, subsea tree, and wellhead platforms.
Field participation details
The field is owned by China Petrochemical and Oriental Energy Resources.
Production from Okwok
Production from the Okwok conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045.
Contractors involved in the Okwok conventional oil field
Some of the key contractors involved in the Okwok project as follows.
Design/FEED Engineering: Upstream Engineering
Main EPC: Upstream Engineering
EPC Contractors: West African Ventures, Weco Engineering & Construction and HBA Offshore
Other Contractors: Transocean and Tros offshore
About Oriental Energy Resources
Oriental Energy Resources Ltd (OERL) is an oil and gas company that provides exploration and production of oil and natural gas properties. The company operates three projects in the offshore Nigerian Oil and Gas industry the Ebok field, OML 115 and the Okwok field. Its OML 115 is in the translational structural setting of the prolific offshore eastern Niger Delta. OERL’s ebok oil field is located offshore in Nigeria's prolific southeastern producing area. The company carries out seismic interpretation, appraisal drilling and development planning programs. It also offers support services for Nigeria's domestic oil industry. OERL is headquartered in Abuja, Nigeria.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
