Name: OML 62
Brand: Wood Mackenzie
SKU: 37977
Price: 3100 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 16 April 2025

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Report summary

OML 62 is part of the Joint Venture (JV) between NEPL and Oando. It is located in the southern swamps of the Niger Delta and contains four fields: Beniboye, Odimodi, Tuomo and Tuomo West. None of the fields are currently on-stream and the block is shut in.Beniboye, which stopped producing in 2013, was the only offshore field within the entire JV, and production was tied-back to the nearby Shell-operated Forcados oil terminal. The gas/condensate Tuomo field should be developed in the future ...

Summary
Key Issues
- Oando first major operated upstream position
- Financing arrangement secured
- Delayed development of Tuomo and Tuomo West
Emissions
- Tuomo
- Key development metrics
Tuomo West
Beniboye
Capital Costs
- Petroleum Industry Act
Cash flow
Global Economic Model (GEM)
Cash Flow