Shell operated Egbolom field, in Oil Mining Lease (OML) 23, is the asset to have in Nigeria’s impending Marginal Field round.
Ibe Kachikwu, the Minister of state for Petroleum Resources, has proposed an asset sale this year and the country’s regulatory agency, the Department of Petroleum Resources, is working frantically to deliver on the call.
Of all the 40+ fields likely to be on offer, Egbolom, an onshore (Swamp) asset, located in the Central Niger Delta, has the highest estimated Ultimate Recoverable (2P) Reserves of 85Million barrels, a volume that is over 30% higher than the second largest field, which is located in the prolific south east shallow water Niger Delta.
The smallest field in the play is Chevron operated Obira field, located in OML 89.
Egbolom was discovered in 1982, and has lain fallow ever since. The Central Niger Delta swamp is the site of one of the most militant, oil theft and crude oil flow disruption activity in the entire Niger Delta basin.
Full marginal field reserves map can be accessed here.