Asset Report

OML 14 (Stubb Creek)

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Stubb Creek is in southeast Nigeria near the Cameroon border. It was discovered in 1971 but was undeveloped for many years. It was part of OML 14 operated by Shell, but in 2003, it was awarded to indigenous company Universal Energy in a marginal field round. In 2004, Sinopec farmed-into the licence as a technical partner. In a move to raise capital for the development, Seven Energy acquired 62.5% of Universal Energy in 2009/10.Stubb Creek was brought onstream in 2015 via an early production ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Petroleum Industry Act fiscal terms
      • Stubb Creek has significant gas reserves
      • Debottlenecking
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
    • Emissions
  • Development
  • Infrastructure
    • Capital costs
    • Operating costs
    • PIA fiscal terms
      • Royalty
      • Tax
    • Pre-PIA fiscal terms
      • Farm-Out Agreements
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM)
  • Economic analysis

Tables and charts

This report includes 28 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Detail Map
  • 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
  • Production Profile
  • Infrastructure: Table 1
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • 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
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Fiscal and regulatory: Table 3
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Fiscal and regulatory: Table 4
  • Fiscal and regulatory: Table 5

What's included

This report contains:

  • Document

    OML 14 (Stubb Creek)

    PDF 6.16 MB