Asset Report
OML 70
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
OML 70 was 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. In 2024, Seplat Energy acquired the entire share capital of MPNU for US$800 million. MPNU owned 40% equity of, and operated OMLs 67, 68, 70, 104 and the Qua Iboe oil export terminal. MPNU also had a 51% interest in the Bonny River NGL Recovery project. The first commercial discovery, Usari, was made in 1964. Since ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Seplat completes acquisition of MPNU assets
- Production platforms restoration will require investment
- Gas monetisation
- 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
- Gas supply
- Oso condensate
- NGL recovery
-
Field descriptions
- Usari
- Ekpe
- Asabo, Asabo D & Adua
- Enang & Enang West
-
Infrastructure
- Qua Iboe loading terminal (QIT)
-
Costs
- Capital costs
- Operating costs
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Index map
- OML 70 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
- Production profile
- Cash flow
- 11 more item(s)...
What's included
This report contains:
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