Oloibiri Oilfield
| Oloibiri | |
|---|---|
| Country | Nigeria |
| Region | Niger Delta |
| Location | Bayelsa State |
| Block | OML29 |
| Offshore/onshore | Onshore |
| Coordinates | 4°41′30.12″N 6°21′33.3″E / 4.6917000°N 6.359250°E |
| Operator | SPDC |
| Partners | Royal Dutch Shell BP (till 1979) |
| Field history | |
| Discovery | 15 January 1956 |
| Start of development | 1956 |
| Start of production | 1958 |
| Peak year | 1964 |
| Abandonment | 1978 |
| Production | |
| Year of current production of oil | 1958 |
| Peak of production (oil) | 5,100 barrels per day (~3.2×105 t/a) |
| Estimated oil in place | 40.94 million barrels (~7.004×106 t) |
| Recoverable oil | 20.06 million barrels (~3.432×106 t) |
| Producing formations | Agbada Formation |
Oloibiri Oilfield is an onshore oilfield located in Oloibiri in Ogbia LGA of Bayelsa State, Nigeria, and was the first to be discovered in that country. It is located about 45 miles (72 km) east of Port Harcourt in the Niger Delta. Oloibiri field is about 13.75 square kilometres (5.31 sq mi) and lies in a swamp within OML 29
Oloibiri Oilfield is named after Oloibiri, ano small, remote creek community, where it is located. In Nigeria, oilfields are usually named after the host community where it is located or a local landmark. Sometimes, oilfields are also given names taken from indigenous languages.
The field is currently operated by Shell Petroleum Development Company of Nigeria Limited (SPDC). The field was originally operated by Shell Darcy. On 30 April 1956, Shell Darcy changed its name to Shell-BP Petroleum Development Company of Nigeria Limited to reflect BP's interest. In 1979, it changed its name again to Shell Petroleum Development Company of Nigeria Limited(SPDC) following the nationalisation of BP's interest by the government.