Asset Report
OML 137
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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Report summary
OML 137 is a shallow water block in the southern Niger Delta. It was originally called OPL 225, but was converted to OML 137 in 2007. There are nine discoveries on the block, two of which (Ofrima North and Udele) are oil fields. OML 137 was operated by Addax. Addax exited the block in 2023 and operatorship was transferred to Antan Producing Limited. Antan Producing Limited is wholly owned by NNPCL.Addax approved Ofrima North and Udele for development in 2014, but the development was ...
Table of contents
- Summary
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Key Issues
- Gas potential
- Background to Addax's entry and exit
- Commitments
- Exploration
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Emissions
- Phase 1A: Ofrima North
- Phase 1B: Udele
- Phase 2: Udele
- Tie-back to Agbara (OML 116)
- Potential development plan
- Petroleum Industry Act
- Pre-2023 fiscal terms
- Petroleum Profits Tax (PPT)
- Cost oil
- Profit oil
Tables and charts
This report includes the following images and tables:
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Discovery SummaryContingent Resources (2C) at 01/01/2026
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Index mapOML 137 mapOML 137 participationReservoir and Hydrocarbon characteristicsE&A Well Data
What's included
This report contains:
