Name: OML 71
Brand: Wood Mackenzie
SKU: 675
Price: 3100 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 29 July 2025

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Report summary

OML 71 is a small shallow water block located in the southeast Niger Delta. It contains the undeveloped KI oil and gas discovery. OML 71 was part of the NNPC/Shell Joint Venture (JV), however in May 2015 Shell, Total and Eni sold its combined 45% share to West African E&P (WAEP). Although the new operators plan to develop KI in the future, their focus is expected to be developing fields on the nearby OML 72, which was also acquired by WAEP. Appraisal of KI will be required to firm up any development plan. As a result, we class the reserves as non-commercial.