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Asset Report

OML 130 (Akpo & Egina)

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20 February 2023

OML 130 (Akpo & Egina)

Report summary

OML 130 is located in the deepwater Niger Delta adjacent to the Nigeria Sao-Tome Joint Development Zone. The block contains the onstream Akpo gas-condensate field, Egina, which is under development, and the undeveloped Preowei field. Condensate production from Akpo started in March 2009 with first gas sales to Nigeria LNG in April. The Egina field was sanctioned in 2013. Wood Mackenzie estimates the field will be brought ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Petroleum Industry Act sets a deadline for PSC renegotiation
      • Gas entitlement agreement
      • Preowei development delayed
      • Resolution of tax dispute
  • Location maps
    • Indigenous sole risk contract (PSA)
    • Production sharing contract (PSC)
    • Petrobras divestments
    • Gas participation
    • Akpo
    • Egina
    • Preowei
  • Well data
    • Commitments
    • Seismic
    • Drilling
  • Reserves and resources
  • Production
    • Akpo
      • FPSO
      • Akpo wells
      • Subsea trees
      • Subsea Umbilicals, Risers & Flowlines
    • Egina
      • FPSO
      • Egina wells
      • Subsea
    • Preowei
  • Infrastructure
    • Exploration costs
    • Capital costs
      • Akpo
      • Egina
      • Operating Costs
  • Sales contracts
    • OML 130 PSA & PSC
    • Royalty
    • Cost oil
    • Petroleum Profits Tax (PPT)
    • Profit oil (PSA)
    • Profit oil (PSC)
    • OML 130 Gas
      • Corporate Income Tax (CIT)
      • Signature Bonus
      • Duration
    • Discount rate and date
    • Inflation rate
    • Oil price
      • Global Economic Model (GEM)
    • Cash Flow

Tables and charts

This report includes 46 images and tables including:

  • Key facts: Table 1
  • Index Map
  • OML 130 Map
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • PSA Production Profile
  • PSC Production Profile
  • Gas Production Profile
  • Infrastructure: Table 1
  • Sales contracts: Table 1
  • Participation: Table 1
  • Participation: Table 2
  • Participation: Table 3
  • Geology: Table 1
  • Fiscal and regulatory: Table 1
  • OML 130 (PSA)
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
  • Remaining Present Value Price Sensitivities
  • OML 130 (PSC)
  • Economic analysis: Table 5
  • Economic analysis: Table 6
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
  • Remaining PV Price Sensitivities
  • OML 130 (Gas)
  • Economic analysis: Table 8
  • Economic analysis: Table 9
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
  • Remaining PV Price Sensitivities
  • Development: Table 1
  • Development: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3

What's included

This report contains:

  • Document

    OML 130 (Akpo & Egina)

    PDF 4.51 MB

  • Document

    OML 130 (Akpo & Egina)

    XLS 736.00 KB