Asset Report
OML 98
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Report summary
OML 98 is the only asset belonging to a Joint Venture (JV) between NNPC and Pan Ocean Oil. OML 98 is located in the onshore Niger Delta. The acreage was originally awarded to Pan Ocean in 1971 as OPL 71 and was converted into OML 98 in 1975. Production from the JV started in 1976. The Pan Ocean JV is the smallest producing, JV with only six fields.The absence of a gas monetisation scheme over the years has meant ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Licence revocation and transferral to NPDC (now known as NEPL)
- Domestic gas and LPG supply
- Amukpe-Escravos pipeline
- Petroleum Industry Act
- High Decommissioning cost
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
-
Production
- Gas
-
Development
- Gas development
- Infrastructure
-
Costs
- Exploration Costs
- Capital Costs
- Operating Costs
- Sales contracts
- Fiscal and regulatory
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Tariff receipts
- Global Economic Model (GEM) File
- Economic analysis
Tables and charts
This report includes 23 images and tables including:
- Key facts: Table 1
- Index Map
- OML 98 Map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Exploration: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Sales contracts: 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 Present Value Price Sensitivities
- OML 98 Production Profile
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
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