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.