Agbami oil field, Nigeria
Posted on July 24, 2008 – 6:55 pm | by oilandgaspress.com
Agbami oil field is Nigeria’s largest deepwater development and lies in OPL Blocks 216 and 217, approximately 220 miles south-east of Lagos and 70 miles offshore of Nigeria, in the central Niger Delta.ChevronTexaco is the operator, with a 68.15% interest; Statoil has an 18.85% interest and Petrobras holds the other 13%.The field is owned by the terms of a deepwater production-sharing contract (PSC) between Texaco and Famfa.It is the deepest water-depth well in Nigeria. The Agbami-2 appraisal well was drilled in 4,800ft of water, to a total depth of 15,683ft. Oil from the reservoir is light, sweet crude and field reserves are estimated at around one billion oil-equivalent barrels. The $3.5billion invested in this project is money well spent.
According to reports, the first loading of Agbami crude is expected shortly after Chevron starts up production on the offshore field. According to a Reuters report, Gulf Agency Company (GAC) said the Agbami export terminal should soon begin operations with its first cargo exported by the first week of August. Production on the field is expected to peak out at around 250,000 bpd.
Tags: Agbami oil field, cargo exported, deepwater, Development, NIGERIA
You must be logged in to post a comment.