OML 108 Oil Block Overview

OML 108 - Overview

Since the company’s inception in May 2004, Shebah Exploration & Production Company Limited (SEPCOL) has rapidly driven its growth by acquiring oil assets and using its strong in-house technical and operational expertise to grow production in a cost effective manner. Asides developing oil and gas business interests in other parts of Africa, within Nigeria, SEPCOL: 

  • Has a 40% interest in oil block OML 108.
  • Currently bidding on acquisition of new oil and gas assets in Nigeria.
  • Currently reviewing interest in farm-in to certain assets in Nigeria.
  • The company is expecting to produce about 50,000bopd and about 300mmscf/day dry gas by year end 2019.

                                                         

OML 108 - Background & Field Description

OML 108 (formerly OPL 74) was awarded to Express Petroleum and Gas Company in December 1990. Express assigned 40% interest to Conoco Energy Nigeria Limited as Technical advisor. Conoco relinquished its 40% stake in the block in 2004 and transferred it to Shebah Exploration & Production Company Limited same year. OML 108 covers an area of 750sqkm in water depth of 88ft (30m) in the western edge of the Niger Delta in shallow water offshore Nigeria, six miles south west of Chevron’s Meren field but reaches water depth of 700ft (213m) on the southern portion of OML 108. The block is composed of oil producing Ukpokiti field, Kunza discovery and deeper pool prospects in the southern portion of the block. The Ukpokiti field comprising of 5 (five) oil wells and 1 injector wells. Two exploration wells (Kunza-1 and Kunza-2) drilled in the Kunza discovery intersected commercial volumes of gas and condensate and will form the basis for coming appraisal, development and exploration effort. OML 108 holds significant leads towards the southern part of the block.

 

OML 108 - Production Facilities

The FPSO Trinity Spirit serves and the primary production facility for the block and all production is processed and stored on the FPSO. The FPSO Independence was renamed FPSO Trinity Spirit. The FPSO has a processing capacity of 22,000 barrels per day and a storage capacity of 2 million barrels. A well test loop is available with a 6 inches line; these networks have their own risers to connect the FPSO from the seabed that is 80ft under the sea level. The crude processing facility consists of separators which handles a 3-stage separation of the crude. It also harbors an IWTS (Injection water treatment system) for produced water treatment used for reservoir pressure maintenance via water injection.

 

OML 108 - Production and Reserves

  • Over 3,000bopd for the year end 2014.
  • Planned activities in place to increase the current oil production rate to 5,000 barrels per day before Q2 ending 2015.
  • There are new reservoirs discovered in Ukpokiti field as well as ongoing appraisal of partially appraised reservoirs – currently integrated field studies ongoing for quantitative assessment of reserves and optimisation of field development plans.
  • SEPCOL and JV Partner objective is to drive growth in production rate of oil and commercial gas production via Escravos gas pipeline and same time increase reserves.

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