The Uquo Marginal Field,was first discovered by Shell in 1958,and it lies within the OML 13 license area. It is located in Esit Eket and Eket Local Government Areas of Akwa Ibom State. Following its award to FOL in the 2003 Marginal Fields Program, the field has been transformed from a stranded,partially appraised gas field to the first commercial integrated gas development project in the South Eastern Niger-Delta.
Developed facilities on the Uquo Marginal Field include the 200mmscf/d Uquo central Gas Processing Facility (Trains 1 and 2), 4 gas wells, 2 oil wells (1 currently plugged), and more than 30km of flow lines and a crude oil evacuation pipeline to deliver export quality crude to ExxonMobil's Qua Iboe oil export terminal and two gas pipelines, owned and operated by Accugas, to deliver Uquo gas to two independent power plants in S.E. Nigeria.
In partnership with Seven Energy and its subsidiary, Accugas, FOL emerged as the first indigenous operator to develop the largest non-associated gas projects of its type in Sub-Sahara Africa. The Uquo JV commenced test gas production in 2012 and commenced commercial supply of gas to the Ibom IPP in January 2014
FOL, as operators of the FUN JV, has effectively managed the Uquo oil assets in a phased manner to better manage the technical and financial risks associated with the development. Crude oil production is expected to commence in February 2015 with at an expected production level of about 500 barrels per day and increasing steadily to about 1,000 barrels per day within a year.