Asset Report

OML 34

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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. Oil production is gathered at the Ughelli Pumping Station. From here, it enters the Trans-Forcados Pipeline which exports crude to the Forcados oil terminal. Dry crude can also be sent to NNPC's refinery at Warri.Gas accounts for 57% of total reserves of OML 34. ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Vandalism and crude theft
      • Limited capacity and rundown facilities at the Ughelli Pumping Station
      • High CO2 gas composition
    • Low gas revenues
      • Nigeria's Petroleum Industry Act
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
    • Oil
    • Gas
    • Gas monetisation
    • Oil
    • Gas
    • Ughelli Pumping Station (UPS)
    • Capital costs
    • Operating costs
  • Sales contracts
  • Fiscal and regulatory
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Oil price
    • Tariff receipts
    • Global Economic Model (GEM)
  • Economic analysis

Tables and charts

This report includes 24 images and tables including:

  • Key facts: Table 1
  • Index map
  • OML 34 Map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Sales contracts: Table 1
  • Sales contracts: Table 2
  • 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 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining PV Price Sensitivities
  • Production: Table 1
  • Production: Table 2
  • Production profile
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3

What's included

This report contains:

  • Document

    OML 34

    PDF 6.98 MB