Asset Report
OML 122 (Bilabri)
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Report summary
OML 122 is a large block in the shallow water Niger Delta. Five discoveries have been made, but none have been developed. The resources on Bilabri were downgraded by nearly 50% following appraisal in 2006 and over 70% of total volumes are gas. Peak Petroleum was awarded the acreage in the 1990s under the government's indigenous policy.Participation on the block and the discoveries has been the subject of long-running legal action. In 1998 Shell acquired a 40% interest in the block, ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- OML 122 dispute exposes the downside of past government policy to favour indigenous players
- Licence expiry in 2021 might bring an end to the impasse
- There is good exploration upside on OML 122
- Petroleum Industry Act
- Location maps
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Participation
- Block participation
- Bilabri field participation and funding disputes
- Geology
- Well data
- Exploration
- Reserves and resources
- Development
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Costs
- Exploration costs
- Fiscal and regulatory
Tables and charts
This report includes 8 images and tables including:
- Key facts: Table 1
- Index map
- OML 122 map
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Participation: Table 1
- Participation: Table 2
What's included
This report contains:
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