Yemisi Izuora
There are concerns following available data inciting that through to 2030, Africa’s annual crude oil and condensate production is forecasted to decrease by a Compound Annual Growth Rate, CAGR of 8.78 per cent to reach 2.86 million barrels per day, mmbpd.
GlobalData through which the report emanated uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment.
The total crude oil and condensate production of Africa in 2022 was 6.11mmbpd a decrease of 0.81 per cent when compared to 2021.
The largest oil producing countries in Africa are Nigeria, Angola, and Algeria.
In 2022, Nigeria had the highest crude oil production at 1.59mmbpd, followed by Angola at 1.21mmbpd and Algeria at 0.94mmbpd.
To buttress its point GlobalData’s Oil & Gas, Upstream Fields Database
listed 10 largest crude oil fields in Africa by production in 2022.
In Nigeria, it named the OML 49, 90, 95, located in Gulf of Guinea, Nigeria.
This crude oil field is owned by Chevron (40.00%), NNPC (60.00%) and operated by Chevron Nigeria.
The field produced 0.14mmbpd in 2022 and recovered 90.26 per cent of its total recoverable crude oil and condensate reserves, with peak production in 1999.
The peak production was approximately at 0.38mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049.
The field currently accounts for approximately 2.29 per cent of the total Africa daily crude oil and condensate output and it is expected to recover 543.35mmbbl of crude oil and condensate.
The report also named OML 104, 67, 68, 70, located in Gulf of Guinea, Nigeria.
This crude oil field is owned by Exxon Mobil (40.00%), NNPC (60.00%) and operated by Mobil Producing Nigeria.
The field produced 0.14mmbpd in 2022 and recovered 97.68 per cent of its total recoverable crude oil and condensate reserves, with peak production in 1998.
The peak production was approximately at 0.77mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2029.
The field currently accounts for approximately 2.29 per cent of the total Africa daily crude oil and condensate output and it is expected to recover 157.34mmbbl of crude oil and condensate.
Agbami is located in Gulf of Guinea, Nigeria. This crude oil field is owned by Africa Oil (6.25%), Banco BTG Pactual (6.25%), Chevron (67.30%), Equinor (20.20%) and operated by Star Deep Water Petroleum. The field produced 0.1mmbpd in 2022 and recovered 88.79 per cent of its total recoverable crude oil and condensate reserves, with peak production in 2011.
The peak production was approximately at 0.24mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 1.64 per cent of the total Africa daily crude oil and condensate output and it is expected to recover 133.07mmbbl of crude oil and condensate.
Others are, Hassi Messaoud is located in Ouargla, Algeria. This crude oil field is owned by Sonatrach (100.00%) and operated by Sonatrach. The field produced 0.4mmbpd in 2022 and recovered 82.28 per cent of its total recoverable crude oil and condensate reserves, with peak production in 1977.
There is also El-Sharara is located in Wadi Al-Hayaa, Libya. This crude oil field is owned by National Oil (50.00%), OMV (15.00%), Repsol (20.00%), TotalEnergies (15.00%) and operated by Akakus Oil Operations. The field produced 0.24mmbpd in 2022 and recovered 60.98 per cent of its total recoverable crude oil and condensate reserves, with peak production in 2022. The peak production was approximately at 0.24mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 3.93 per cent of the total Africa daily crude oil and condensate output and it is expected to recover 921.02mmbbl of crude oil and condensate.
Equally, Waha Concession Fields is located in Al Wahat, Libya. This crude oil field is owned by ConocoPhillips (20.41%), National Oil (59.18%), TotalEnergies (20.41%) and operated by Waha Oil Co. The field produced 0.22mmbpd in 2022 and recovered 87.35 per of its total recoverable crude oil and condensate reserves, with peak production in 1970. The peak production was approximately at 0.95mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057.
The Kaombo Complex is located in South Atlantic Ocean, Angola. This crude oil field is owned by China Petrochemical (11.00%), Exxon Mobil (15.00%), Galp Energia SGPS (5.00%), New Bright International Development (6.30%), Sonangol (32.70%), TotalEnergies (30.00%) and operated by Total E&P Angola Block 32. The field produced 0.21mmbpd in 2022 and recovered 45.88 per cent of its total recoverable crude oil and condensate reserves, with peak production in 2022. The peak production was approximately at 0.21mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2036.
In addition Block 0 (Area A and B) is located in South Atlantic Ocean, Angola. This crude oil field is owned by BP (4.90%), Chevron (39.20%), Eni (4.90%), Sonangol (41.00%), TotalEnergies (10.00%) and operated by Cabinda Gulf Oil Company CABGOC. The field produced 0.14mmbpd in 2022 and recovered 97.02% of its total recoverable crude oil and condensate reserves, with peak production in 1999. The peak production was approximately at 0.46mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2025. The field currently accounts for approximately 2.29% of the total Africa daily crude oil and condensate output and it is expected to recover 108.1mmbbl of crude oil and condensate.
Again, the Dalia is located in South Atlantic Ocean, Angola. This crude oil field is owned by BP (7.92%), Eni (7.92%), Equinor (22.16%), Exxon Mobil (19.00%), Sonangol (5.00%), TotalEnergies (38.00%) and operated by Total E&P Angola. The field produced 0.12mmbpd in 2022 and recovered 71.2% of its total recoverable crude oil and condensate reserves, with peak production in 2010. The peak production was approximately at 0.24mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2046.
The CLOV Complex is located in South Atlantic Ocean, Angola. This crude oil field is owned by BP (7.92%), Eni (7.92%), Equinor (22.16%), Exxon Mobil (19.00%), Sonangol (5.00%), TotalEnergies (38.00%) and operated by Total E&P Angola. The field produced 0.1mmbpd in 2022 and recovered 62.29 per cent of its total recoverable crude oil and condensate reserves, with peak production in 2015. The peak production was approximately at 0.17mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2038
