Asset Report
OML 124
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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Report summary
OML 124 is a small onshore block in the northern Niger Delta. It was originally called OPL 118 and was awarded to Addax in 1998 as a Production Sharing Contract (PSC). The block was converted to OML 124 in 2002. In 2023, operatorship was transferred from Addax to Antan Producing Limited, a subsidiary of NNPC Limited. The block contains two mature oil fields, Izombe and Ossu, which started production in 1975/76. The Njaba field started production in 2018. Izombe extends into the ...
Table of contents
- Summary
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Key Issues
- Mature oilfields
- Gas monetisation
- Background to Addax's entry and exit
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Emissions
- Izombe
- Exploration costs
- Capital costs
- Operating costs
- Royalty
- Cost Oil
- Profit Oil
- Petroleum Profits Tax (PPT)
- Global Economic Model (GEM) file
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Cash Flow
- PSC fiscal terms
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Cash flow
- Concession fiscal terms
Tables and charts
This report includes the following images and tables:
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Index mapOML 124 mapParticipation
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Field characteristicsOML 124 E&A wellsReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2015-2024)OML 124 production profileProduction profilePipeline SummaryCapital Costs Pre-2016 to 2024 (US$ million)
- 16 more item(s)...
What's included
This report contains:
