Asset Report
OML 126 (Okwori & Nda)
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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
OML126 is located 60 kilometres offshore, south of Port Harcourt, in water depths averaging 130 metres. There are four fields on the block but only Okwori and Nda have been developed. Addax brought these onstream in 2005 via subsea wells tied-back to the leased Sendje Berge floating production, storage and offloading (FPSO) vessel. The use of subsea technology in shallow water was very unusual at the time of development, but it allowed for a more economically attractive project. The loose, ...
Table of contents
- Summary
-
Key Issues
- Declining reserves
- FPSO will need to undergo life extension maintenance
- Background to Addax's entry and exit
- Emissions
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FPSO
- Arbitration
- Okwori
- Nda
- Gas potential
- Capital Costs
- Operating costs
- Petroleum Industry Act
- Pre-2023 fiscal terms
- Royalty
- Petroleum Profits Tax (PPT)
- Cost oil
- Profit oil
- Cash Flow
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
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Capital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)
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Index mapOML 126 (Okwori Field)Participation: OML 126Hydrocarbon and Reservoir CharacteristicsOML 126 E&A wellsDiscovery summaryReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026
- 17 more item(s)...
What's included
This report contains:
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