Asset Report

Iroko and Padouk

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The Iroko block is located offshore Cameroon, adjacent to the maritime border with Nigeria. It is situated in the Rio del Rey basin, which is the eastern extension of the prolific Niger Delta. In 2008, Addax signed a production sharing contract (PSC) for the acreage and subsequently discovered two fields: Iroko (2008) and Padouk (2012). Padouk was successfully appraised in 2012 and the partners were awarded a 20-year development licence in 2013, plus an option to extend it by 10 ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
    • Royalty/Tax
    • Cost Recovery
    • Profit Oil
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM)
  • Economic analysis

Tables and charts

This report includes 23 images and tables including:

  • Key facts: Table 1
  • Index map
  • Iroko Block map
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Production profile
  • Infrastructure: Table 1
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining PV Price Sensitivities
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Fiscal and regulatory: Table 1

What's included

This report contains:

  • Document

    Iroko and Padouk

    PDF 5.90 MB