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/RAECJoint 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 (CPF) ...
Table of contents
- Summary
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Key Issues
- Shell sells its SPDC venture to Renaissance Africa Energy Company
- Mitigating NLNG supply decline
- HP-HT subsurface conditions
- Exploration upside
- Militancy and theft
- Emissions
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Phase 1
- Gbaran CPF
- Field facilities
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Phase 2
- Development assumptions
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Phase 3
- Uzu
- Liquids
- Gas
- Capital costs
- Operating costs
- LNG Sales
- Gas-to-Power
- Global Economic Model (GEM)
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Cash Flow (US$)PV Table (US$)Summary Table (US$)
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Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesIndex mapGbaran-Ubie MapParticipationOML 28 Exploration wellsReserves (2P) at 01/01/2026
- 7 more item(s)...
What's included
This report contains:
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