Asset Report

OML 34

This report is currently unavailable

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Find out more about our Upstream products

 Interested in this report? Explore our Upstream Oil and Gas solutions. 

Upstream products and solutions

OML 34 is in the onshore western delta of Nigeria and includes the large town of Warri. There are three producing fields in the southeast of the block: Ughelli East, Ughelli West and Utorogu which were developed in the 1960s. Other discoveries in the block include Warri River, Rapele, Crawford Creek, Effurun and Orjo. Warri River and Rapele produced in the past, but were shut-in after being heavily vandalised in 1990 and 1998 respectively. Oil production is gathered at the Ughelli Pumping ...

Table of contents

  • Summary
    • Barging as an alternative crude evacuation solution
    • Production through TFP is constrained
    • High CO 2 gas composition
    • Shell divestment
    • Petroleum Industry Act
    • Oil
    • Gas
    • Gas monetisation
    • Oil
    • Gas
    • Ughelli Pumping Station (UPS)
  • Gas Infrastructure
  • Capital costs
    • Petroleum Industry Act
  • Tariff receipts
  • Global Economic Model (GEM)
  • Cash Flow
  • Indicative Technical Valuations

Tables and charts

This report includes the following images and tables:

  • Capital Costs Pre-2016 to 2024 (US$ million)
  • Operating Costs 2024 to 2033 (US$ million)
  • WAGP Gas Prices
  • NGC Gas Prices
  • Cash Flow (US$)
  • PV Table (US$)
  • Summary Table (US$)
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2026
  • Remaining PV Price Sensitivities
  • Indicative Technical Valuations
  • 9 more item(s)...

What's included

This report contains:

  • Document

    OML 34

    PDF 3.82 MB