Ki is a conventional oil development located in shallow water in Nigeria and is operated by West African Exploration and Production. Ki lies in block OML 71 (OPL 284), with water depth of around 345 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2024.
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Field participation details
The field is owned by FIRST Exploration & Petroleum Development, Nigerian National Petroleum and Dangote Industries.
Production from Ki
Production from the Ki conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 83,707 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2037.
Remaining recoverable reserves
The field is expected to recover 147.03 Mmboe, comprised of 147.03 Mmbbl of crude oil & condensate.
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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