Asset Report
OML 120 (Oyo)
Limited time offer - buy 3 x OML reports and save 20%. Enter code "OMLbundle" at cart.
Report summary
Deepwater block OML 120 lies in the western Niger Delta 70 kilometres offshore. Statoil discovered the Oyo oil field in 1996, but it was considered uncommercial at the time. The field was eventually developed by Eni with two subsea production wells tied-back to a leased FPSO (floating production, storage and offloading) vessel. First production was achieved in December 2009. Oyo has not performed according to expectations. After coming onstream at 22,000 b/d, production fell very rapidly due to gas breakthrough in the Oyo-5 well. Within 12 months, oil production had dropped to 6,000 b/d and over 70 mmcfd of gas was being produced. Reserves were slashed from initial estimates of 50 million barrels.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Historical participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
- FPSO
- Drilling
-
Costs
- Exploration costs
-
Fiscal and regulatory
- Royalty
- Signature bonus
- Duration
-
Production bonus
- Cost oil
- Petroleum Profits Tax (PPT)
- Profit oil
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 21 images and tables including:
- Key facts: Table 1
- Index Map
- OML 120 Map
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- 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 01/01/2021
- Remaining PV Price Sensitivities
- Participation: Table 1
- Capital costs
- Operating costs
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
What's included
This report contains:
Other reports you may be interested in
21 June 2019
OML 148
Asset Report
OML 148
OML 148 is located in Edo State, in the north part of the onshore Niger Delta. In 2015, the indigenous company Sahara Group, via its ...
$3,10015 June 2020
OML 17
Asset Report
OML 17
OML 17 is a large onshore licence within the NNPC/Shell JV. The block includes the northern half of Port Harcourt, which is the largest ...
$3,10030 March 2020
OML 24
Asset Report
OML 24
OML 24 is located 30 kilometres southwest of Port Harcourt and lies within the near-shore swamp of the Niger Delta. There are three ...
$3,100
