Asset Report

OPL 310 (Ogo)

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15 December 2020

OPL 310 (Ogo)

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

  • Key facts
    • Summary
    • Key issues
      • Ministerial consent and licence expiry
      • Resolution with Optimum and licence re-award
      • Reservoir risks
  • Location maps
    • Agreement of future development terms
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Fiscal and regulatory

Tables and charts

This report includes 6 images and tables including:

  • Key facts: Table 1
  • OPL 310 Index Map
  • Detail Map
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1

What's included

This report contains:

  • Document

    OPL 310 (Ogo)

    PDF 5.15 MB

  • Document

    OPL 310 (Ogo)

    XLS 113.50 KB