Asset Report

OML 124

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28 June 2018

OML 124

Report summary

OML 124 is a small onshore block located in the northern Niger Delta. It contains two producing oil fields, Izombe and Ossu and the undeveloped Njaba field. Izombe extends into the Chevron-operated OML 53, where it is known as Jisike. Oil from the smaller Ossu field is tied-back to the Izombe facilities. Izombe and Ossu are mature but the Njaba field will provide production growth on OML 124 when it comes onstream in 2019. Addax exports co-mingled oil at Izombe (including volumes from ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
    • Royalty
    • Cost Oil
    • Profit Oil
    • Petroleum Profits Tax (PPT)
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 25 images and tables including:

  • Key facts: Table 1
  • Index Map
  • OML 124 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 124 Production Profile
  • Infrastructure: 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 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities
  • 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 124

    PDF 5.92 MB

  • Document

    OML 124

    XLS 712.00 KB

  • Document

    OML 124

    ZIP 6.52 MB

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