Asset Report
OPL 322 (Bobo)
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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.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Petroleum Industry Act
- OPL Licence expired, and the operator applied for the licence to be converted to an OML.
- Dajo Oil seeks partner for block investment.
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Development
- Fiscal and regulatory
Tables and charts
This report includes 7 images and tables including:
- Key facts: Table 1
- Index map
- OPL 322 (Bobo) map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Fiscal and regulatory: Table 1
What's included
This report contains:
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