Asset Report
OML 18
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Report summary
OML 18 is a large block located to the south of Port Harcourt, and contains 11 oil and gas fields. Eight have been developed, but only four are currently producing: Cawthorne Channel, Awoba, Akaso and Alakiri. The terrain of the block is mangrove swamp, and it is heavily intersected by wide rivers and creeks. Field facilities are mounted on semi-submerged piled platforms and drilling requires a swamp barge. The block has been in production since 1970 but has been regularly impaired by ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Eroton E&P removed as operator: NNPC Limited takes over, but faces a legal challenge
- Lengthy delays to Alternative Crude Oil Evacuation System (ACOES)
- Petroleum Industry Act
- Location maps
-
Participation
- Equity participation
- Eroton E&P removed as operator
- Economic participation
-
Geology
- Cawthorne Channel
- Krakama
- Alakiri
- Buguma Creek
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
- Cawthorne Channel & Akaso
- Alakiri
- Orubiri
- Awoba
- Krakama
- Buguma Creek
- Asaritoru
-
Infrastructure
-
Oil
- Nembe Creek Trunk Line
- Greater Port Harcourt Swampline
- Alternative Crude Oil Evacuation System
- Gas
-
Oil
-
Costs
- Capital Costs
- Operating Costs
- Sales contracts
- Fiscal and regulatory
-
Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index Map
- OML 18 Map
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- OML 18 Production Profile
- 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
- Participation: Table 1
- Geology: Table 1
- Infrastructure: Table 1
- Infrastructure: Table 2
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
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