Asset Report
OML 58
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Report summary
OML 58 lies in the eastern Niger Delta, 30 kilometres northwest of Port Harcourt, and is part of the NNPC/Total Joint Venture. It contains Obagi, which is the JV's oldest field and one the largest in Nigeria, and the Ibewa gas/condensate field. Since 2005, major investments have been made to upgrade the block's facilities to exploit its gas reserves. The OML 58 Upgrade Project, from 2008-2016 included revamping existing oil and gas plants and the construction of new gas pipelines. ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- 2020 oil price crash
- Gas supply obligations
- 2027 licence expiry
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
- OML 58 Upgrade Project
- Obagi
- Ibewa
- Ubeta
- Greenville LNG
-
Infrastructure
- Oil
-
Gas
- Obite-Ubeta-Rumuji (OUR) pipeline
- Northern Option Pipeline (NOPL)
-
Costs
- Capital Costs
- Operating Costs
-
Sales contracts
- Domestic gas supply obligation
- Fiscal and regulatory
-
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 01/01/2021
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2021)
- 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:
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