Asset Report
OML 124
Report summary
OML 124 is a small onshore block in the northern Niger Delta. It 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 Seplat-operated OML 53, where it is known as Jisike. Oil from the smaller Njaba and Ossu fields is tied-back to the Izombe flow station. Commingled oil, including volumes from Jisike, are exported to the Eni-operated Brass Terminal via pipeline. Izombe and Ossu are nearing ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Addax finally exits its PSCs and OML 124 reverts to NNPC Limited as a concessionaire
- Insecurity in the delta is impacting production
- Extremely high emissions intensity
- Gas monetisation
- Petroleum Industry Act
- Location maps
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Participation
- Background to Addax's entry and exit
- Geology
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
- Izombe
- Ossu
- Njaba
- Gas & LPG Project
- Infrastructure
-
Costs
- Exploration costs
- Capital costs
- Operating costs
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Fiscal and regulatory
- Royalty
- Cost Oil
- Profit Oil
- Petroleum Profits Tax (PPT)
-
Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
-
Economic analysis
-
Cash flow
- PSC fiscal terms
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Cash flow
- Concession fiscal terms
-
Cash flow
Tables and charts
This report includes 32 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
- Production Profile
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
- Economic analysis: Table 4
- Economic analysis: Table 5
- Economic analysis: Table 6
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
- Remaining PV Price Sensitivities
What's included
This report contains:
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