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
- Key facts
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Summary and key issues
- Summary
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Key issues
- Petroleum Industry Act conversion
- Gas potential
- Location maps
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Participation
- Background to Addax's entry and exit
- Geology
- Well data
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Exploration
- Commitments
- Exploration
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Reserves and resources
- Emissions
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Development
- Phase 1A: Ofrima North
- Phase 1B: Udele
- Phase 2: Udele
- Tie-back to Agbara (OML 116)
- Potential development plan
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Fiscal and regulatory
- 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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Key facts: Table 1Index mapOML 137 map
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Participation: Table 1Geology: Table 1Well data: Table 1Reserves and resources: Table 1Exploration: Table 1Fiscal and regulatory: Table 1Fiscal and regulatory: Table 2
What's included
This report contains:
