Nigeria Oil & Gas Report | Q3 2019

Upstream Projects
MAJOR UPCOMING UPSTREAM PROJECT
Name Field Companies Completion Status Notes Est.Peak
Name Date Oil/
Liquids
Range (b/
d)

OML Bosi Royal Dutch Shell (43.75%), ExxonMobil (56.25%) 2020 March 2015 - The project has 135,000
133 suffered FID delays due to low oil
prices

OPL Uge Royal Dutch Shell (43.75%), ExxonMobil (56.25%) 2020 March 2015 - The project has 110,000
214 suffered FID delays due to low oil
prices

OML Bonga Total S.A. (10%), Chevron (19.6%), Sasol (0.3%), Royal 2022 FID is targeted for 2019 225,000
118, South Dutch Shell (44%), ExxonMobil (16%), Eni S.p.A (10%)
132, West/
140 Aparo

OPL Zabazaba Royal Dutch Shell (50%), Eni S.p.A (50%) 2022 Possible FID in 2019 120,000
245

OPL Etan Royal Dutch Shell (50%), Eni S.p.A (50%) 2022 The field will be developed as a ~
245 tie-back to Zabazaba field which is
also located in the same block

OML Egina Petrobras (16%), South Atlantic Petroleum (5%), 2018 On stream in late 2018 200,000
130 NNPC (10%), Total (24%), China National Offshore Oil
Corporation (45%)

OML Uge, Uge Sasol (5%), NNPC (15%), Svenska Petroleum 2025 Uge will be developed via a leased 110,000
145 North, Exploration (20%), Oando Exploration and Production FPSO vessel, with first production
Orso, Nza Limited (20%), Chevron (20%), ExxonMobil (20%) expected in 2025

OML Analay & First E&P (40%) 2019 FID in 2018 first gas by 2019 50,000
83, 85 Madu

OML 99 Ikike Total (40%) 2022 FID expected in 2019 45,000

OML 23 Soku Shell/NNPC 2020 50,000

Source: Fitch Solutions

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