📋 Tender Overview
Scope :
Efe is a conventional oil development located onshore Nigeria and is operated by Newcross Petroleum.
The project is currently in feasibility stage and is expected to start commercial production in 2025.
Field participation details
The field is owned by Newcross Petroleum.
Production from Efe
Production from the Efe conventional oil development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 10,000 bpd of crude oil and condensate and 83 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.
The field is expected to recover 70.47 Mmboe, comprised of 13.70 Mmbbl of crude oil & condensate and 340.65 bcf of natural gas reserves.
