Asset Report
OML 28 (Gbaran-Ubie)
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Report summary
OML 28 is an onshore block in the central Niger Delta. It is part of the NNPCL/Shell Joint Venture (JV). The block contains Gbaran-Ubie, a major integrated oil and gas project. Gas production started in 2010 and by 2011, it had reached its initial capacity of 1,050 mmcfd of gas. Gbaran-Ubie is by far the most important Nigeria LNG (NLNG) feedstock project in the JV. Phase 1 covered four fields: Gbaran, Kolo Creek, Etelebou and Zarama. They are connected to a central processing facility ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
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Key issues
- Shell agrees to sell its SPDC venture to Renaissance Africa Energy Company
- Funding obligations
- HP-HT subsurface conditions
- Exploration upside
- Militancy and theft
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
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Production
- Emissions
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Development
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Phase 1
- Gbaran CPF
- Field facilities
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Phase 2
- Gbaran CPF nodal compression project
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Phase 3
- Uzu
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Phase 1
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Infrastructure
- Liquids
- Gas
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Costs
- Capital costs
- Operating costs
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Sales contracts
- LNG Sales
- Gas-to-Power
- Fiscal and regulatory
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Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 23 images and tables including:
- Key facts: Table 1
- Index Map
- Gbaran-Ubie Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Gbaran-Ubie 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
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Sales contracts: Table 1
What's included
This report contains:
