Asset report
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20 Pages

OML 29


OML 29

Report summary

OML 29 is a large block located in the southeastern Niger Delta. It contains 11 oil and gas fields, four of which are producing. OML 29 was part of the NNPC/Shell Joint Venture (JV). The terrain is mangrove swamp and the block is intersected by several rivers and creeks. Operations can be difficult especially during the rainy season. By far the largest field is Nembe Creek. OML 29 also contains significant associated gas volumes, and production is sent to the Nigeria LNG (NLNG) plant at Bonny Island via the Soku gas plant, which is located on OML 23. Crude is exported by the Nembe Creek Trunk Line (NCTL) which runs 97 kilometres east from Nembe Creek, to a manifold at the Cawthorne Channel field on OML 18. From here, crude is evacuated the short distance to the Bonny oil terminal. This pipeline has a capacity of 150,000 b/d at Nembe Creek, however, up to 600,000 b/d of liquids can be evacuated from the end point at Cawthorne Channel.

What's included?

This report includes 2 file(s)

  • OML 29 PDF - 616.28 KB 20 Pages, 17 Tables, 8 Figures
  • OML 29 XLS - 723.00 KB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
    • Bonny Light blend
  • Well data
  • Exploration
  • Reserves and resources
    • Technical Reserves
  • Production
  • Development
  • Infrastructure
  • Costs
    • Exploration Costs
    • Abandonment Costs
    • Capital Costs
    • Operating Costs
  • Sales contracts
    • LNG Supply
  • Fiscal and regulatory
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Tariff receipts
    • Global Economic Model (GEM) File
  • Economic analysis
    • Indicative technical valuations

In this report there are 25 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • OML 29 Map
  • Participation
    • Participation: Table 1
    • Participation: Table 2
  • Geology
    • Geology: Table 1
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • OML 29 Production Profile
  • Development
  • Infrastructure
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Sales contracts
    • Sales contracts: Table 1
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis
    • 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 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining PV Price Sensitivities
    • Economic analysis: Table 4
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