OML 54 (Ogbele Field)

The Ogbele Marginal Field, located in Rivers State is Aradel’s flagship asset. The Company acquired the Ogbele Marginal Field, situated within the OML 54 block, in 2000 from the NNPC/Chevron Joint Venture (JV). It was the first ever Marginal Oil Field Farm-Out Agreement to be negotiated in Nigeria, between a Multinational /NNPC JV and a Nigerian Independent Company.
Oil production commenced in November 2005 and in 2010, a 1000bbls/d diesel topping plant was installed. Since then, the field has developed into a fully integrated oil and gas-producing asset.

Operator

Aradel

Partners

None

Working Interest

100%

Main Fields

Ogbele

Acreage Size

22.53 sqKm

Loss time injury rate

0