Asset Report
OML 128 (Agbami-Ekoli)
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Report summary
Deepwater block OML 128 is located in the central part of the Niger Delta, in water depths ranging from 1,000 to over 2,000 metres. The block contains part of the giant Agbami-Ekoli field which came onstream in 2008. Gross reserves are estimated to be over one billion barrels, 72.07% of which is unitised to OML 127, with 27.93% on OML 128. Chevron is the Agbami-Ekoli unit operator, but Equinor is the OML 128 licence operator. Agbami-Ekoli was one of the biggest stand-alone developments in ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- 20-year renewal agreed in August 2022
- Equinor exits Nigeria
- Emissions reduction measures
- Production decline
- Reserves redetermination in favour of OML 127
- Location maps
-
Participation
- Agbami-Ekoli unitisation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- FPSO
- Offloading System
- Development metrics
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Costs
- Sunk costs
- Capital costs
- Operating costs
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Fiscal and regulatory
- Renegotiated 1993 deepwater PSC terms
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Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 25 images and tables including:
- Key facts: Table 1
- Index Map
- OML 128 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
- Agbami-Ekoli Field Production Profiles (OML 128 share)
- 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 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining Present Value Price Sensitivities
- Participation: Table 2
- Development: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Fiscal and regulatory: Table 1
What's included
This report contains:
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