Asset Report
PML 15 (Okwok)
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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Report summary
The shallow water Okwok oil field lies in the southeastern Niger Delta, adjacent to the maritime border with Cameroon. The field was excised from ExxonMobil's OML 67. In 2006, Oriental Energy, an indigenous company, was granted acreage including Okwok as a marginal field award. Addax, and latterly Afren, was designated the technical operator. The original development plans for Okwok involved a wellhead platform and a Mobile Offshore Production Unit (MOPU) tied-back to the Floating ...
Table of contents
- Summary
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Key Issues
- FPSO delay pushes first oil
- Phase 2 development timeline remains uncertain
- Complex petroleum system and high pressures increase well costs
- Awarding of Okwok
- Addax participation
- Afren participation
- Capital costs
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Operating costs
- Petroleum Industry Act
- Overriding royalty interest
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Capital Costs Pre-2017 to 2025 (US$ million)Operating Costs 2026 to 2035 (US$ million)Cash Flow (US$)
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PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesIndex MapOkwok MapHydrocarbon and Reservior Characteristics
- 6 more item(s)...
What's included
This report contains:
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