Asset report
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6 Pages

OPL 322 (Bobo)


OPL 322 (Bobo)

Report summary

OPL 322 is located in the far western deepwater region of the Niger Delta Basin. The block contains the Bobo field, which at 2,479 metres is the second deepest-water discovery in Nigeria. Shell discovered Bobo in 2005, but given its size and remoteness there are no near-term plans to develop it. The block will expire in 2017. The integrity of the hydrocarbon trap and seal is a major risk in this region. Bobo has reserves of around 250 mmboe, and at this water depth is non-commercial. We believe that a minimum of 500 million barrels of oil would be needed for a commercial development. Although the block is under-explored, its frontier location and the inability of the NNPC and Dajo Oil to fund their share of costs means that further drilling is unlikely before licence expiry in 2017.

What's included?

This report includes 2 file(s)

  • OPL 322 (Bobo) PDF - 441.01 KB 6 Pages, 5 Tables, 2 Figures
  • OPL 322 (Bobo) XLS - 230.50 KB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Development
  • Fiscal and regulatory
    • Royalty
    • Petroleum Profit Tax (PPT)
    • Cost Oil
    • Profit Oil

In this report there are 7 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • OPL 322 (Bobo) Map
  • Participation
    • Participation: Table 1
  • Geology
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Development
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
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