Asset Report
OML 70
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Report summary
OML 70 is one of the four shallow-water leases in the Joint Venture (JV) between NNPCL and Mobil Producing Nigeria Unlimited (MPNU), a wholly-owned subsidiary of ExxonMobil. The first commercial discovery, Usari, was made in 1964. Since then, 24 fields have been discovered on the block, although only 11 have been developed. Production began in 1970 from the Asabo field. Volumes were stored in an offshore tanker until 1971, when the onshore Qua Iboe oil terminal was completed. The terminal ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Seplat Energy acquires ExxonMobil's Nigerian JV business
- NNPCL liabilities
- Production platforms restoration
- Domestic gas monetisation derailed
- Petroleum Industry Act
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- Revamp programme
- East Area Additional Oil Recovery
-
Satellite Fields Development
- Phase 1
- Phase 2
- Domestic gas supply
- Oso condensate
- NGL recovery
-
Field descriptions
- Usari
- Ekpe
- Asabo, Asabo D & Adua
- Enang & Enang West
- Infrastructure
-
Costs
- Capital costs
- Operating costs
- Fiscal and regulatory
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index map
- OML 70 map
- Participation: Table 1
- Participation: Table 2
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production profile
- Infrastructure: 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
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
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