Asset Report

OML 11 (Otakikpo)

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Otakikpo is an oil field, located in coastal swamp in the southeastern Niger Delta. Discovered by Shell on OML 11 in 1981, it remained undeveloped until it was awarded as a marginal field to the indigenous company Green Energy International in 2011. In 2014, Lekoil farmed into a 40% interest including technical operatorship and re-entered the Otakikpo-2 well.In September 2015, test oil was achieved using a 6,000 b/d early production facility. Otakikpo started continuous commercial ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Corporate governance issues
      • Production surpasses 10,000 b/d
      • Petroleum Industry Act fiscal terms
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
    • Phase 1
    • Phase 2
    • Gas monetisation plans on hold
  • Infrastructure
    • Capital costs
    • Operating costs
  • Sales contracts
    • PIA fiscal terms
    • Royalty
    • Tax
    • Pre-PIA fiscal terms
    • Discount rate and date
    • Inflation rate
    • Oil price
    • GEM file
  • Economic analysis

Tables and charts

This report includes 26 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Otakikpo Map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Production Profile
  • 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
  • Fiscal and regulatory: Table 2
  • Fiscal and regulatory: Table 3
  • Fiscal and regulatory: Table 4

What's included

This report contains:

  • Document

    OML 11 (Otakikpo)

    PDF 5.82 MB