Asset Report

OML 29

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08 March 2019

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.

Table of contents

Tables and charts

This report includes 24 images and tables including:

  • Key facts: Table 1
  • Index Map
  • OML 29 Map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • OML 29 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 01/01/2020
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2020)
  • Remaining PV Price Sensitivities
  • Reserves and resources: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Sales contracts: Table 1
  • Economic analysis: Table 4
  • Costs: Table 3

What's included

This report contains:

  • Document

    OML 29

    PDF 6.55 MB

  • Document

    OML 29

    XLS 426.00 KB

  • Document

    OML 29

    ZIP 6.51 MB

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