Maximization of Value from Brown Assets Through Integrated Short Term Oil Generation
L. Nwoke,
E. Eta,
C. Okoro
et al.
Abstract:The Oil Minning Lease, OML-X (made of several fields), initially operated by a major international oil company with some of its fields discovered in 1963, has experienced significant production decline from its peak in 1967 of 115 Mbopd (and 120 MMscf/d) to less than 30 Mbopd (and 100 MMscf/d) by 2021. This decline was attributed to several factors. The current operator inherited an aging asset characterized by declining reservoir pressures and underutilized gas lift systems. This paper details a comprehensive… Show more
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