Asset report
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9 Pages

OML 129 (Nnwa, Bilah and Sekhi)


OML 129 (Nnwa, Bilah and Sekhi)

Report summary

Deepwater OML 129 is located in the central part of the Niger Delta, 100 kilometres offshore. The production sharing contract (PSC) was signed in 1993. Four exploration wells have been drilled to date, three of which were discoveries: Sehki, Nnwa and Bilah. Despite holding 1,250 mmboe, we currently classify the discoveries as non-commercial. There are many obstacles to developing the resources on OML 129. Nnwa straddles Shell-operated OML 135 to the east where it is known as Doro, and OPL 297 to the south. Statoil and Shell have reached a pre-unitisation agreement on the structure, which would see Shell become the operator. However, a final unitisation is not possible until an ownership dispute on OPL 297 between South Atlantic Petroleum and ONGC is resolved. Furthermore, the PSC currently lacks fiscal terms for gas, meaning the contractors have no rights to it.

What's included?

This report includes 2 file(s)

  • OML 129 (Nnwa, Bilah and Sekhi) PDF - 469.05 KB 9 Pages, 9 Tables, 2 Figures
  • OML 129 (Nnwa, Bilah and Sekhi) XLS - 412.50 KB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

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  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
    • Commitments
  • Reserves and resources
  • Development
  • Fiscal and regulatory
    • Petroleum Profits Tax (PPT)
    • Cost Oil
    • Profit Oil
    • Signature Bonus
    • Duration

In this report there are 11 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • OML 129 Map
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
  • Well data
    • Well data: Table 1
  • Exploration
    • Exploration: Table 1
  • Reserves and resources
    • Reserves and resources: Table 1
  • Development
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
    • Fiscal and regulatory: Table 2
    • Fiscal and regulatory: Table 3
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