OML 70
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Report summary
OML 70 is one of four shallow water production licences that form the Joint Venture (JV) between NNPC and Mobil Producing Nigeria (MPN), a wholly-owned subsidiary of ExxonMobil. The first commercial discovery, Usari, was made in 1964. Since then, over 20 fields have been discovered on the block. Production began in 1970 from the Asabo field with volumes stored in an offshore tanker. In 1971, the onshore Qua Iboe oil terminal was completed and accepts oil and condensate from all fields in ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
-
Geology
- Usari
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
- Usari
- Oso condensate
- Oso NGL recovery
- East Area Additional Oil Recovery
-
Oso domestic gas supply
- Abang and Oyot Satellite fields development phase 1
-
Other Fields
- Ekpe
- Asabo, Asabo D & Adua
- Enang & Enang West
-
Infrastructure
- Revamp Programme Project
-
Costs
- Sunk Costs
- Abandonment 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 Detail 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
- OML 70 Oil and Sales Gas Production
- 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 01/01/2019
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2019)
- Remaining PV Price Sensitivities
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
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