Asset Report
OPL 310 (Ogo)
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Ogo is a large oil and gas discovery located in shallow water offshore Lagos. Discovered in 2013, Ogo lies in the Keta-Togo-Benin Basin and yielded a P50 reserves estimate of 770 mmboe, well in excess of the pre-drill 200 mmboe estimate. In May 2014, a large 3D seismic survey was carried out over OPL 310 and OML 113. Within OPL 310, the survey covered 1,505 square kilometres equating to 80% of the block's acreage. Interpretation of the results commenced in H2 2014 and have now been completed. Although Ogo is a large discovery and potentially very valuable, the collapse of Afren and the current absence of an experienced technical operator means we have downgraded it to a technical reserve.
Table of contents
- Summary
-
Key Issues
- Corporate disputes have delayed the development of Ogo
- Reservoir risks
- Activities in surrounding blocks may drive OPL 310 development
- Afren and Lekoil farm-in
- Afren's administration
- Optimum agreement & licence re-award
- Lekoil disputes with Optimum
- Petroleum Industry Act
Tables and charts
This report includes the following images and tables:
-
Index mapDetail mapContingent Resources (2C) at 01/01/2026
What's included
This report contains:
