Asset Report

OML 40

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OML 40 is in the northwestern Niger Delta. The block contains three producing fields: Opuama, Gbetiokun and Sibiri. Five other fields were discovered, but they are considered sub-commercial until development plans are firmed up. The terrain is mangrove swamp intersected by the Benin River. Production from Opuama started in 1975, peaking one year later at 11,000 b/d. Production was exported by pipeline 67 kilometres south to the Forcados oil terminal. Opuama, which was shut-in in 2006, came ...

Table of contents

  • Summary
    • Seplat's enlarged portfolio
    • Sibiri begins production
    • Gbetiokun pipeline construction
    • Alternative export solutions
    • Petroleum Industry Act
    • Opuama
    • Gbetiokun
    • Opuama & Sibiri
    • Gbetiokun Early Production Facility (EPF)
    • Gbetiokun Full field development (FFD)
    • Benin river mooring facility
  • Capital Costs
    • Petroleum Industry Act
  • Cash Flow
  • 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)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 SensitivitiesIndicative Technical ValuationsIndex mapOML 40 map
  • 7 more item(s)...

What's included

This report contains:

  • Document

    OML 40

    PDF 3.64 MB