Unlocking Potential in Mature Brown Field with Complex Configuration in the Niger Delta- The OML26 Success Story

Abstract

Managed by a joint operating team tagged the Asset Management Team (AMT), the OML 26 Asset has undergone a total transformation in all ramifications of the oil and gas operations. Within the space of three years, the Asset has recorded a 122% cumulative annual growth (CAGR) for reserve base increase, a 43% CAGR in production rate increase without drilling new wells, and a 38% CAGR in total production offtake. The direct unit operating cost also improved significantly averaging 31% year on year improvement. From Q4 of 2018, the Asset witnessed breakthrough performance attaining a peak production of ca 18,000 bopd in 2019 from existing drainage points. The rate is the highest rate ever recorded in the long history of the Asset. This is an excellent achievement for a mid-sized E&P company. This paper aims to share the techniques deployed to attain such a sterling production boost in a 45-year-old field.