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OML 40

The OML 40 licence lies onshore within the Niger Delta, approximately 65km northwest of Warri and covers an area of 498 square kilometres.

The acquisition of a 45% equity stake in OML 40 was completed in September 2012 and has been producing oil from the Opuama field since 2014.

OML 40 contains the producing Opuama Field; the Gbetiokun Field, which commenced production in H1 2019; the large, low risk, Amobe prospect (Propective Resources of 78MMstb) on which an exploration well will be drilled; the potentially large Abiala discovery (Contingent Resources of 26MMbbl) which will be appraised in 2020; four other discoveries (Adagbassa, Polobo, Ugbo and Tongarafa) and about 20 other prospects and leads, including the Abiala North and South prospects, which lie adjacent to the Abiala-1 discovery.

  • Operator
    NPDC
  • Working interest
    45%
  • Partners
    NPDC, Starcrest
  • Main fields
    Opuama (producing), Gbetiokun (prodicing), Amobe, Abiala
  • Acreage
    498km2
  • Available export route
    Forcados, Barging
  • Concession expiry date
    October 2038
  • 2020 working interest liquids production
    7,884 bopd
  • 2020 working interest gas production
    n/a
  • Working interest remaining 2P oil reserves
    27 MMbbls
  • Working interest remaining 2P gas reserves
    n/a
  • 2021 activities
    Production and development

Upstream

Seplat Energy has a significant track record of maximising value from Upstream oil and gas assets

Midstream gas

Seplat Energy provides 30% of processed gas used for electricity in Nigeria, with new capacity coming onstream in 2022