Operations

Operator

NPDC

Working interest

45%

Partners

NPDC, Starcrest

Main fields

Opuama (producing), Gbetiokun (prodicing), Amobe, Abiala

Acreage

498km2

Available export route

Forcados, Barging

Concession expiry date

October 2038

2019 working interest liquids production

8,963

2019 working interest gas production

n/a

Working interest remaining 2P oil reserves

29 MMbbls

Working interest remaining 2P gas reserves

n/a

2020 activities

Production and development

OML 40

The OML 40 licence lies onshore within the Niger Delta, approximately 65km northwest of Warri and covers an area of 498 square kilometres. The acquisition of a 45% equity stake in OML 40 was completed in September 2012 and has been producing oil from the Opuama field since 2014.

OML 40 contains the producing Opuama Field; the Gbetiokun Field, which commenced production in H1 2019; the large, low risk, Amobe prospect (Propective Resources of 78MMstb) on which an exploration well will be drilled; the potentially large Abiala discovery (Contingent Resources of 26MMbbl) which will be appraised in 2020; four other discoveries (Adagbassa, Polobo, Ugbo and Tongarafa) and about 20 other prospects and leads, including the Abiala North and South prospects, which lie adjacent to the Abiala-1 discovery.