Okwok Fpso “Done”; To Arrive Nigeria Before March, First Oil Expected In July 2025

By Marshal Gungubele, in Dubai

The Nigerian independent, Oriental Energy Resources (OER) will commission the Okwok Field’s Floating Production Storage and Offloading (FPSO) vessel in Dubai, today, December 14, 2024.

The 40,000Barrels Per Day (BOPD) capacity facility, constructed by the Singaporean firm HBA Future Energy, will thereafter, start sailing to Nigerian waters, for hook up on the field beginning February 2025.

First oil is expected by July 1, 2025, to go by the company’s latest update on the project. It would be 10 years since the field’s wellhead jacket had been installed, permitting the drilling of Okwok-13, the first development well, which flowed at a rate over 5,000 barrels per day of crude.

Okwok is located in 31metre water depth, in shallow water Oil Mining Lease (OML) 67 in southeast offshore Nigeria.

The ongoing field development is funded by Vitol, the global commodities trader who will recoup its loan facility in crude. The Nigerian independent proposes to drill 15 wells, in the first instance, to achieve first oil.

When hooked up, the Okwok field will become OER’s second producing marginal field. Currently the company operates the Ebok field, at around 10,000BOPD.

If Okwok’s planned peak production of 30, 000BOPD-for the first phase- is reached by December 2025, as OER anticipates, the company’s total production will be around 40,000BOPD at the time.

Okwok, discovered by ExxonMobil in 1967, is   located in Oil Mining Lease (OML) 67, in shallow water south east offshore Nigeria, with estimated, recoverable reserves of 45Million barrels. OER has on ongoing, multi-well drilling campaign on Okwok, which commenced in October 2023.