Asset Report
OML 35
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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 35 is a large onshore block within the NNPCL/RAEC Joint Venture (JV). It was part of the Shell JV, before the divestment was completed in Q1 2025. It lies in the southern swamps of the western delta. Eight producing fields are in the southwest of the block: Ajatiton, Benisede, Opukushi and Opukushi North, Dodo North, Opomoyo, Kanbo and Seibou. A large flowstation at Benisede collects crude from Benisede, Opomoyo and Akono on OML 46. Together, this cluster is known as the Benisede ...
Table of contents
- Summary
-
Key Issues
- Equity divestments in the NNPCL/Renaissance JV continue
- SSAGS project now operational
- Renaissance to increase focus on boosting domestic gas supply
- Iseni gas development
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Emissions
- Benisede Catchment Area (BCA)
- Southern Swamp Associated Gas Solution (SSAGS)
- Sunk Costs
- Abandonment Costs
- Capital Costs
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Operating Costs
- Petroleum Industry Act
- Cash Flow
- Global Economic Model (GEM) File
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Capital Costs Pre-2017 to 2025 (US$ million)Operating Costs 2026 to 2035 (US$ million)Annual Gas Prices
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Cash 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 SensitivitiesIndex mapOML 35 map
- 9 more item(s)...
What's included
This report contains:
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