Asset Report
OML 34
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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Report summary
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
-
Key Issues
- 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
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Emissions
- Oil
- Gas
- Ughelli Pumping Station (UPS)
- Gas Infrastructure
- Capital costs
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Operating 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:
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Capital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)WAGP Gas Prices
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NGC Gas PricesCash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesIndicative Technical Valuations
- 9 more item(s)...
What's included
This report contains:
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