OML 55

OML 55 covers an area of approximately 849 km 2 and is located in the swamp to shallow water offshore
areas in the southeastern Niger Delta.

Seplat Energy has a financial interest in OML 55.

The block contains five producing fields (Robertkiri, Inda, Belema North, Idama and Jokka).

The majority of production on the block is from the Robertkiri, Idama and Inda Fields. The Robertkiri Field is located in swamp at a water depth of five metres and has a production platform and utility platform installed. Production capacity at the Robertkiri facilities is 30,000-bopd and 10-MMscfd.

Production facilities at the Idama Field comprise a jack-up mobile offshore production unit (MOPU) and riser platform that have a capacity of 30,000-bopd and 34-MMscfd. The Jokka Field is produced through a manifold tied-back to the Idama facilities. Production facilities at the Inda Field comprise a MOPU with a capacity of 30,000-bopd and 34-MMscfd.

Overall, the infrastructure in OML 55 comprises three flow stations, a network of flowlines, and two eight-inch pipelines that connect to third party operated infrastructure. The Belema Field is unitised with OML 25 and is produced via a flow station in that block. All produced liquids from OML 55 are delivered via third party infrastructure to the Bonny terminal for processing and shipping.

In addition to the oil potential in the block, there is also an opportunity to develop the significant gas resources that have been identified.