Asset Report

OML 129 (Nnwa, Bilah and Sekhi)

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Limited time offer  - buy 3 x OML reports and save 20%. Enter code "OMLbundle" at cart.

Click here to view full list of OML reports

04 January 2021

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.

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Fiscal uncertainty
      • Commercial and economic barriers to development
  • Location maps
  • Participation
  • Geology
  • Well data
    • Commitments
  • Reserves and resources
  • Development
    • Petroleum Profits Tax (PPT)
    • Cost Oil
    • Profit Oil
    • Signature Bonus
    • Duration

Tables and charts

This report includes 11 images and tables including:

  • Key facts: Table 1
  • Index Map
  • OML 129 Map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Fiscal and regulatory: Table 1
  • Exploration: Table 1
  • Fiscal and regulatory: Table 2
  • Fiscal and regulatory: Table 3

What's included

This report contains:

  • Document

    OML 129 (Nnwa, Bilah and Sekhi)

    PDF 4.28 MB

  • Document

    OML 129 (Nnwa, Bilah and Sekhi)

    XLS 251.00 KB