Asset Report
OML 70
This report is currently unavailable
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
- 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
- Future Development Plan
- 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:
Other reports you may be interested in
Insight
Can Sub-Saharan Africa compete with the US upstream investment boom?
Spending has halved since 2014 as investors have piled-into the phenomenon of US tight oil. So is it all bad news for Sub-Saharan Africa?
$1,350
Country Report
Mauritania upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Nigeria upstream summary
Nigeria is the largest oil producer in Africa. Production comes from the Niger Delta: 75,000 square kilometres of onshore swamp and ...
$9,450