Asset Report
OML 133 (Erha)
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Report summary
OML 133 lies in the western Niger Delta, approximately 100 kilometres offshore. The block contains three deepwater oil fields: Erha, Erha North and Bosi. Development has focused on Erha and Erha North, comprising subsea wells tied-back to the Erha floating production, storage and offloading (FPSO) vessel.Production began from Erha in March 2006, making it Nigeria's second major deepwater project. Erha North started in October 2006. Erha North Phase 2 was approved by the government in ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- 20 year renewal agreed in August 2022
- Disputed crude lifting under the PSC has been resolved
- Lack of fiscal terms for Bosi gas
- New wells needed to stem decline, but seismic to be acquired first
- Location maps
- Participation
- Geology
- Well data
-
Exploration
- Commitments
- Seismic
- Reserves and resources
-
Production
- Emissions
-
Development
- FPSO
- Tie-backs, moorings and installation
- Subsea Equipment
- Drilling
- Erha North Phase 2
- Erha North Phase 3
- Mooring chain replacement project
- Infrastructure
-
Costs
- Exploration costs
- Capital costs
- Operating costs
-
Fiscal and regulatory
- Renegotiated 1993 deepwater PSC terms
- Production bonus
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) File
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index Map
- OML 133 Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Oil Production Profile
- 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
- Development: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
What's included
This report contains:
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