Report summaryOML 83 is located in water depths ranging from four to 224 metres, around 40 kilometres offshore in the central region of the Niger Delta Basin. It is operated by FIRST E&P, following its US$69 million acquisition of Chevron's 40% stake in both OML 83 and OML 85 in May 2015.Prior to the transaction, OML 83 was part of the NNPC/Chevron Joint Venture (JV), comprising 13 concessions covering an area of over 9,000 square kilometres. The block was the smallest in the JV and contains the ...
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