Asset Report

OML 58

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OML 58 lies in the eastern Niger Delta, 80 kilometres northwest of Port Harcourt. It is the only onshore OML within the NNPCL/TotalEnergies Joint Venture. It currently has only three producing fields: Ubeta, Obagi (the oldest field in the JV and one of the largest in Nigeria) and the Ibewa gas/condensate field. Erema ceased production in 2014. In Q3 2024, Aradel signed a sales and purchase agreement with the JV acquiring Olo and Olo West from OML 58. The deal is yet to be approved by the ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Incremental production plans
      • Ubeta FID
      • JV funding
      • Gas supply obligations
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
    • Emissions
    • OML 58 Upgrade Project
    • Obagi
    • Ibewa
    • Ubeta
    • Greenville LNG
    • Oil
    • Gas
      • Obite-Ubeta-Rumuji (OUR) pipeline
      • Northern Option Pipeline (NOPL)
  • Costs
  • 4 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Key facts: Table 1
  • Index map
  • 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
  • Capital costs
  • 14 more item(s)...

What's included

This report contains:

  • Document

    OML 58

    PDF 6.76 MB