Asset Report
OML 58
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Report summary
OML 58 lies in the eastern Niger Delta, 30 kilometres northwest of Port Harcourt. It is the only onshore OML within the NNPCL/TotalEnergies Joint Venture. It contains five fields: Erema, Olo, Ubeta, Obagi (the oldest field in the JV and one of the largest in Nigeria) and the Ibewa gas/condensate field. Liquids from OML 58 are gathered at Olo and Obogu and enter the Shell-operated Trans Niger Pipeline (TNP) system at the Rumuekpe manifold. From there, they are transported to the Bonny Oil ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Ubeta FID
- JV funding
- Petroleum Industry Act
- Gas supply obligations
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- OML 58 Upgrade Project
- Obagi
- Ibewa
- Ubeta
- Greenville LNG
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Infrastructure
- Oil
-
Gas
- Obite-Ubeta-Rumuji (OUR) pipeline
- Northern Option Pipeline (NOPL)
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Costs
- Capital costs
- Operating costs
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Sales contracts
- Domestic gas supply obligation
- Fiscal and regulatory
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Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 26 images and tables including:
- Key facts: Table 1
- Index Map
- OML 58 Detail Map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- OML 58 Production Profile
- Sales contracts: Table 1
- 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
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Sales contracts: Table 2
- Infrastructure: Table 2
What's included
This report contains:
