Asset Report
OML 138 (Usan)
This report is currently unavailable
Report summary
The deepwater Usan field is located on OML 138, in the eastern Niger Delta, about 70 kilometres from shore. The field was discovered in 2002 and granted development approval in 2008. It came onstream in 2012 and has been developed with around 30 subsea production and injection wells from eight subsea manifolds. These are tied back to a floating production, storage and offloading (FPSO) vessel. Usan's production peaked in 2014 at over 100,000 b/d, but it is now declining steeply.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- 20 year renewal agreed in August 2022
- Tie-backs needed to fill the Usan FPSO
- Owowo tie-back potential
- Gas monetisation
- Location maps
-
Participation
- Ukot
- Geology
- Well data
-
Exploration
- Commitments
- Seismic
- Drilling
- Reserves and resources
- Production
- Development
-
Costs
- Sunk 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 25 images and tables including:
- Key facts: Table 1
- Index Map
- OML 138
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Usan Production Profile
- Development: Table 1
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- 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 PV Price Sensitivities
- Exploration: 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:
Other reports you may be interested in
Insight
Nigerian lawmakers vote to increase deepwater royalties
We analyse the impact of changes which have taken the upstream industry by surprise.
$1,350
Insight
Nigeria fiscal reform update
A new legislative term begins on 11 June. We review the fiscal year-to-date and what lies ahead.
$1,350
Asset Report
Nigeria LNG (NLNG) - Transportation Infrastructure
The NLNG plant is supplied with feedgas from five gas gathering networks: GTS1 through to 5
$2,250
