NIGERIA OPERATED & NONOP ASSETS
12-Licenses. 106-Operated Platforms.
Variied OPERATED & NonOp WI Available
Net 2018 Production: 221 Mbbl/d
CONTACT SELLER FOR MORE INFO
PP CFCJ
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Deal Summary
On 25-Feb-2022, Seplat Energy entered into an agreement to acquire ExxonMobil's WI in OML 67, OML 68, OML 70 and OML 104 for 1.283 billion (Deal ID: 37200).
ExxonMobil is looking to sell certain onshore and offshore Nigeria assets, according to a Reuters article dated 2-Apr-2019.
Nigeria operations overview:
-- Holds OML 67, OML 68, OML 70, OML 104, OML 118, OML 133, OML 135, OML 145, OML 138, OML 139 and OPL 223 licences;
-- Includes 106 operated platforms;
-- OML 67, OML 68, OML 70 and OML 104 (40% to 51% WI): Include ~70 discovered fields with ongoing activities to maximize recovery;
-- OML 118 (20% WI): Includes Bonga Main field producing through Bonga FPSO with potential for further development at Bonga SW and Bonga North fields;
-- OML 133 (56% WI): Includes Erha and Erha North subsea developments producing to the Erha FPSO with concept selection ongoing for Bosi field. Phase 1 expected to develop ~600 MMbbl;
-- OML 135 (20% WI) and OML 145 (21% WI): Evaluating Bolia and Uge potential and development options;
-- OML 138 (30% WI): Producing through the Usan FPSO and currently evaluating development options for discoveries made at Ukot South and assessing additional potential on the block;
-- OML 139 and OPL 223 (27% WI): Exploration wells drilled in 2012 and 2016 with expected recovery between 500 MMbbl and 1 billion Bbl. OPL 223 conversion to OML 154, unitization and field development plan progressing for the Owowo project;
-- Net Production during 2018: 221 Mbbl/d (~60% - OMLs 67, 68, 70, 104, ~22% OML 133, ~9% OML 118, ~9% OML 138).
Company Background
Exxon Mobil Corporation (Exxon Mobil), incorporated in 1882, is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. The company also has interests in electric power generation facilities.
The Company has a number of divisions and affiliates with names that include ExxonMobil, Exxon, Esso or Mobil. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and other countries of the world. Exxon's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products.
In June 2011, the Company acquired Phillips Resources and related company TWP Inc.
In October 2011, Cosan SA Industria e Comercio bought the distribution assets of Exxon Mobil in Bolivia, Paraguay and Uruguay.
In January 2012, Apache Corporation acquired Exxon Mobil's Mobil North Sea Limited assets including the Beryl field and related properties
