Asset Report

OML 24

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OML 24 is located 30 kilometres southwest of Port Harcourt and is part of the NNPC/Shell Joint Venture (JV). The block is one of the smallest by area in the JV and lies within the near-shore swamp of the Niger Delta. OML 24 contains three producing fields; Awoba, Awoba Northwest and Ekulama. The Awoba field has sporadically produced sales gas, but only a fraction of its reserves have been produced.The terrain makes for very challenging ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Significant JV funding constraints
      • Alternative Crude Oil Evacuation System (ACOES)
      • Petroleum Industry Act
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
    • High emissions intensity
    • Oil
      • Ekulama
      • Awoba & Awoba Northwest
    • Gas
      • Awoba Associated Gas project
      • Awoba Non-Associated Gas project
      • Development assumptions
    • Alternative Crude Oil Evacuation System (ACOES)
    • Capital Costs
    • Operating Costs
  • Fiscal and regulatory
    • 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 24 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
  • OML 24 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
  • Infrastructure: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3

What's included

This report contains:

  • Document

    OML 24

    PDF 6.66 MB