Assets

Though direct asset ownership, strong technical skills and development programmes

OML 26

NigeriaOML 26
Working interest 45%
Partner Nigerian Petroleum Development Company (NPDC)
Gross 2P certified reserves and contingent resources (Ogini and Isoko)* 184 mmbbls
Undeveloped gross contingent resources (Aboh, Ovo, Ozoro)** 144 mmboe
Gross prospective resources 615 mmboe
Work Programme Production, development, appraisal and exploration
*Independently certified by ERC
**Operator estimates
 

In October 2010, First Hydrocarbon Nigeria (“FHN”) announced it had reached Definitive Agreements with the Nigerian operating subsidiaries of Shell, Total and ENI for the acquisition of a 45% working interest in OML 26.

OML 26 is located Onshore Nigeria in Delta State and covers 480km2. The block has two fields that are currently in production (Ogini and Isoko), both of which offer large scale upside through implementation of a phased development programme and three discovered but as yet undeveloped fields (Aboh, Ovo and Ozoro). Significant additional exploration potential has also been defined on OML 26, with estimates of 615 mmboe gross unrisked prospective resources across multiple prospects that will continue to be worked up in parallel to and integrated with the development plans for OML 26.

Block OML 26

Fast Facts

  • Located onshore Nigeria, Delta State
  • 2 producing assets – Ogini and Isoko
  • Three undeveloped fields (Abon, Ovo and Ozoro)
  • Independently certified gross 2P reserves and contingent resources of 184 mmbbls

Asset portfolio

Map

Working Interest:

45%

Partner:

Nigerian Petroleum Development Company (55%)

Gross 2P certified reserves and contingent resources:

184 mmbbls

(Independently certified by ERC)

Work Programme:

Production/Development
> View Ogini and Isoko fields