Asset Report
OML 74 & 77 (HA)
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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
OMLs 74 and 77 are two large shallow water licences in the eastern part of the Niger Delta and are part of the NNPC/Shell Joint Venture. There are eight undeveloped oil and gas discoveries on the block. Although the operator completed development plans for OML 74 and 77 (also known as H-Block and J-Block respectively), Final Investment Decision (FID) has not been taken. Despite the reserves potential of OMLs 74 and 77, the fields have remained undeveloped. A major barrier has been NNPC's funding constraints, which has severely limited spend on upstream developments, particularly greenfield offshore projects. With Shell shifting focus to deepwater and LNG, greenfield conventional projects like OMLs 74 and 77 are not priority. As a result, we have downgraded the assets to non-commercial. We believe that if a licence renewal is secured, then Shell may opt to divest the blocks.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Shell agrees to sell its SPDC venture to Renaissance Africa Energy Company
- Further delays likely
- Low gas feedstock price harms upstream economics, but helps NLNG
- Future tie-back potential
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
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Production
- Emissions
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Development
- Original plans
- Infrastructure
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Costs
- Exploration costs
- Capital costs
- Operating costs
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Index Map
- Detail 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 Profile
- Infrastructure: Table 1
- Sales contracts: Table 1
- 10 more item(s)...
What's included
This report contains:
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