Asset Report
OML 137
Report summary
OML 137 is a shallow water block in the southern Niger Delta. There are nine discoveries on the block, two of which (Ofrima North and Udele) are oil fields. Addax approved Ofrima North and Udele for development in 2014, but the development was cancelled due to the oil price crash and ongoing legal disputes. All of the fields are now classed as contingent resources.Addax originally planned a standalone oil development using three wellhead platforms, a central processing facility and a ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Addax finally exits its PSCs with OML 137 reverting to NNPC Limited as concessionaire
- Gas potential
- Petroleum Industry Act
- Location maps
-
Participation
- Background to Addax's entry and exit
- Geology
- Well data
-
Exploration
- Commitments
- Exploration
- Reserves and resources
-
Development
- Phase 1A: Ofrima North
- Phase 1B: Udele
- Phase 2: Udele
- Tie-back to Agbara (OML 116)
-
Fiscal and regulatory
- Royalty
- Petroleum Profits Tax (PPT)
- Cost oil
- Profit oil
- Post-2022 fiscal terms
Tables and charts
This report includes 10 images and tables including:
- Key facts: Table 1
- Index Map
- OML 137 Map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Exploration: Table 1
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
OML 116 (Agbara)
OML 116 contains the producing Agbara field, located 45 kilometres offshore. The project consists of a wellhead platform, tied-back to ...
$3,100
Asset Report
OML 16
OML 16 was a very small onshore block located in the northcentral part of the Niger Delta. The block was the smallest within the ...
$3,100
Asset Report
OML 134
OML 134 is located in deepwater 75 kilometres offshore. The block borders OML 118 containing the giant Bonga field. The Bonga FPSO is ...
$3,100
