Asset Report
OML 139 & 154 (Owowo)
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Discovered in 2012 by Total (now TotalEnergies), Owowo West is located in 650 metres of water, 25 kilometres east of Usan in the neighbouring OML 138 licence. In 2016, ExxonMobil drilled Owowo-3 and discovered what is now known as Owowo West Deep reservoir. We model both reservoirs as a single field. Although the field straddles OML 139 (70%) and OML 154 (30%), the fiscal terms on each block are different, so we have presented a separate valuation for each block.At the time it was drilled, ...
Table of contents
- Summary
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Key Issues
- Appraisal needed to reduce reserves uncertainty
- No plans to develop associated gas
- The ageing Usan FPSO could complicate development
- Emissions
- Capital costs
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Operating costs
- Royalties
- Global Economic Model (GEM)
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Cash Flow
- Cash flow for Owowo West (OML 139)
- Cash flow for Owowo West (OML 154)
Tables and charts
This report includes the following images and tables:
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Capital Costs 2027 to Post-2035 (US$ million)Operating Costs 2031 to 2040 (US$ million)Index map
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OML 139 & 154 mapOwowo West participationReserves (2P) at 01/01/2026Production (2030-2039)Production profile (OML 139)Production profile (OML 154)Cash Flow (US$)PV Table (US$)
- 12 more item(s)...
What's included
This report contains:
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