Asset Report
OPL 322 (Bobo)
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
OPL 322 is located in the far western deepwater region of the Niger Delta Basin. The block contains the Bobo field, which at 2,479 metres is the second deepest-water discovery in Nigeria. Shell discovered Bobo in 2005, but given its size and remoteness there are no near-term plans to develop it. The block will expire in 2017. The integrity of the hydrocarbon trap and seal is a major risk in this region. Bobo has reserves of around 250 mmboe, and at this water depth is non-commercial. We believe that a minimum of 500 million barrels of oil would be needed for a commercial development. Although the block is under-explored, its frontier location and the inability of the NNPC and Dajo Oil to fund their share of costs means that further drilling is unlikely before licence expiry in 2017.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Petroleum Industry Act
- OPL Licence status uncertainty
- Dajo Oil seeks partner for block investment
- 2024 Exploration bid round could spur surrounding deepwater development
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Development
- Fiscal and regulatory
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Index map
- OPL 322 (Bobo) map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Fiscal and regulatory: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Ocean Pakistan Operated Fields
Ocean Pakistan Limited (formerly Orient Petroleum International Inc.) was formed by the merger of Orient with its wholly owned ...
$3,720
Asset Report
South Sumatra-West Java Pipeline
The South Sumatra-West Java (SSWJ) gas transmission project consists of the SSWJ Phase I and SSWJ Phase II pipelines operated by PGN.
$2,580
Insight
Sub-Saharan Africa upstream month in brief: 4 November 2016
ExxonMobil announces giant deepwater find in Nigeria.
$1,350
