Asset Report

OML 111

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OML 111 is located onshore in the northern Niger Delta. It contains two producing oil fields: Oredo and Oziengbe South. Production from Oredo started in 1997 from five wells tied back to a flow station. The flow station was recently upgraded to accommodate greater production from condensate reservoirs in Oredo. There have been seven other wells drilled in the field although none are currently ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Gas monetisation, flaring and LPG production
      • Funding constraints
      • Alternative oil export route
      • Petroleum Industry Act
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
    • Oredo
    • Oziengbe South
    • Oil
    • Gas
    • Capital costs
    • Operating costs
  • Sales contracts
  • Fiscal and regulatory
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Oil price
    • LPG price
    • Global Economic Model (GEM)
  • Economic analysis

Tables and charts

This report includes 23 images and tables including:

  • Key facts: Table 1
  • Index Map
  • OML 111 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
  • OML 111 production profile
  • Sales contracts: 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

What's included

This report contains:

  • Document

    OML 111

    PDF 7.02 MB