Asset Report
OML 90
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Report summary
OML 90 is located offshore in the northwestern part of the Niger Delta. It is part of the NNPC/Chevron joint venture (JV). OML 90 contains Okan, the oldest offshore field in Nigeria, and one of the largest. Other fields include Meji, Mefa and part of Delta South (unitised with OML 49). There is extensive infrastructure on the block, with over 20 platforms and hundreds of kilometres of pipelines. Most of the facilities are very old, ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- External project finance agreement
- Gas supply constraints in the power sector
- Gas supply agreement with Dangote fertiliser
- Petroleum Industry Act
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
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Production
- Oil
- Gas & NGLs
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Development
- Project finance agreements: Project Cheetah and Project Panther
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Oil developments
- Okan
- Mefa
- Meji
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Escravos Gas Project (EGP)
- Phase 1
- Phase 2
- Phase 3A
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Infrastructure
- Escravos tank farm & oil terminal
- Gas export infrastructure
- Escravos LPG floating storage and offloading (FSO) vessel
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Costs
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Capital costs
- Operating Costs
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Capital costs
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Sales contracts
- LPG
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Fiscal and regulatory
- NNPCL Cost Carry
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Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Sunk costs
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index map
- OML 90 map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Sales contracts: Table 1
- Sales contracts: Table 2
- Sales contracts: Table 3
- 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 PV Price Sensitivities
- Production: Table 1
- Production: Table 2
- OML 90 production profile
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
