Asset Report

OML 123

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17 February 2020

OML 123

Report summary

OML 123 is a shallow water block in the southeast Niger Delta, next to the Cameroon border. It is Addax Petroleum's most important asset in Nigeria and contains 20 oil fields, 8 of which are producing. Infrastructure is extensive and includes four main production platforms, a Mobile Production Unit, 10 wellhead platforms, pipelines, and an FPSO for crude oil processing and offloading.OML 123 is licensed under PSC terms, meaning the block has not suffered the funding issues that have ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
    • Drilling
    • Platforms
    • FPSO
    • Gas potential
    • Approved for development fields
    • Producing fields
    • Ceased fields
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
    • Royalty
    • Petroleum Profits Tax (PPT)
    • Cost Oil
    • Profit Oil
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Tariff receipts
    • Global Economic Model (GEM)
  • Economic analysis

Tables and charts

This report includes 24 images and tables including:

  • Key facts: Table 1
  • Index Map
  • OML 123 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 123 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 01/01/2020
  • Remaining Present Value Price Sensitivities
  • Development: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2

What's included

This report contains:

  • Document

    OML 123

    PDF 5.64 MB

  • Document

    OML 123

    XLS 442.50 KB

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