Asset Report

OML 125 (Abo)

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OML 125 is in the western Niger Delta, 40 kilometres offshore. It was originally called OPL 316. The block has a chequered history.In 1993, NNPCL and Nigerian Agip Exploration (NAE) signed the block's PSC. NAE is a subsidiary of Eni and the operator. In the same year, ExxonMobil and Amoco acquired 60% non-operated interest in the block. Eni discovered the Abo oil field in 1996. ExxonMobil sold 50% of its interest to Shell in 1997. Before 2000, both Amoco and ExxonMobil withdrew from the ...

Table of contents

  • Summary
    • Key asset in Eni's portfolio
    • FPSO maintenance and future plans
    • Gas monetisation
    • Appraisal and exploration upside exists
    • Abo Phase 3
    • Additional development
    • Abo FPSO
    • Capital Costs
  • Operating costs
  • Renegotiated 1993 deepwater PSC terms
  • Cash flow
  • Global Economic Model (GEM) File
  • Cash Flow

Tables and charts

This report includes the following images and tables:

    Operating Costs 2025 to 2033 (US$ million)Cash Flow (US$)
    PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining Present Value Price SensitivitiesIndex mapOML 125 mapCurrent participation
  • 9 more item(s)...

What's included

This report contains:

  • Document

    OML 125 (Abo)

    PDF 2.91 MB