OPL 245 (Zabazaba & Etan) Report

Asset Report 03 May 2023

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

Deepwater OPL 245 is located in the southern Niger Delta. Two large oil and gas discoveries, Etan and Zabazaba, were made in 2005 and 2006. The block is believed to contain around 1 billion boe of discovered and prospective resources.Eni planned to develop oil in phases with subsea wells tied-back to a leased FPSO vessel. Gas would be monetised via a new pipeline linking into the Offshore Gas Gathering System (OGGS), or 'GTS 3' pipeline to Bonny Island for LNG export. Acquisition ...

Key facts
Summary and key issues
- Summary
- Key issues
  - Milan court clears Eni and Shell of corruption but legal challenges remain
  - International arbitration over licence conversion
Location maps
Participation
Geology
Well data
Exploration
Reserves and resources
Development
Fiscal and regulatory
- Petroleum Profits Tax (PPT)
- Ring fence
- Profit Oil
- Duration

Tables and charts

This report includes 7 images and tables including:

Key facts: Table 1
Index Map
OPL 245 Map

Participation: Table 1
Well data: Table 1
Reserves and resources: Table 1
Fiscal and regulatory: Table 1

What's included

This report contains:

OPL 245 (Zabazaba & Etan)

PDF 4.38 MB

Why buy this report?

For years the development of exploration block 245 was suspended due to an international dispute between Shell, Malabu and the Nigerian Federal government.

Now resolved, the block continues to be the subject of a corruption investigation. While it holds significant oil reserves and gas volumes, uncertainty over the timing and outcome of ongoing probes is increasing.

Our report provides an assessment of the economics of the block and will help you to:

• Understand the risk to development presented by ongoing corruption investigations
• Analyse hydrocarbon characteristics and field geology and recoverable reserves
• Identify exploration and value potential

Our report provides a comprehensive assessment of the economic and development prospects of the OPL 245 project at the southern end of the Niger Delta. It includes:

Estimates of recoverable reserves
Development assumptions and expected project costs
Detailed location maps

Product

Exploration Service

Make informed decisions on exploration strategy by benchmarking companies, countries, basins and plays.

Product

Global Project Tracker

Target equipment opportunities in the upstream supply chain and take your field economics analysis to the infrastructure level.

Product

Upstream Data Tool

Quickly study industry trends and identify and benchmark opportunities at the infrastructure, asset, country and company level on one intuitive platform.