Project Profile
Value: Undisclosed
Location: 70 km (43 mi) south of the Niger Delta coastline, Nigeria
Reserves: 101.2 MMbbls of oil and 592.5 Bcf of gas (98.7 MMboe) gross
Area: 1,204-sq km (465-sq mi)
Depth: 500-1,200 m (1,640-3,937 ft)
Start-up Year: -
OML 131 is a large deep water offshore block located in a prolific area about 70km south of the Niger Delta coastline and covering 1,204km2 at water depths ranging between 500 and 1,200 meters. OML 131 has two oil and gas discoveries, including the Chota field, which was discovered in 1998. The Nigerian Department of Petroleum Resources (DPR) has approved the unitization of the Chota field in OML 131 with the Bolia field in OML 135 and Shell has been appointed the operator of the unitized area. The Best Estimate Contingent Resources are estimated to be 101.2 MMbbls of oil and 592.5 Bcf of gas (98.7 MMboe) gross to OER. Conoco Exploration and Production Nigeria Limited (CEPNL), hold a 95% operating interest which in August 2014 was transferred to Oando Energy Resources Inc.
Operators:
Oando Energy Resources Inc.: Operator with 95% interest
Other investors: 5% interest
Contractors:
Petroleum and Renewable Energy Company Limited (Petrenel): Independent Reserves Evaluator