Nigeria Licence Areas
Onshore licence area
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OML124
OML124, Addax Petroleum’s sole onshore property in Nigeria, is located in Imo State approximately 100 km north of Port Harcourt. OML124 is Addax Petroleum’s smallest Nigerian licence area when measured by production.
Description
- Covers an area of 74,100 acres (300 km2) on the northeast edge of the Niger Delta
- Contains two producing oil fields, Ossu and Izombe, which are operated as a common production area, and one undeveloped field, Njaba, discovered in December 2008
- Contains several identified exploration prospects the most attractive of which are the Uta and Mmeri prospects in the southern and northern parts of the property respectively
Facilities & Production
Production facilities at OML124 include the following:
- Izombe Flow Station
- Gas compressors
- Water injection pumps
- Three flow lines from Ossu to the Izombe Flow Station
In August 2007 production at OML124 reached a record level of more than 9,000 bbl/d - an exceptional achievement for a mature asset that has been in production for more than thirty years. This new production record is further evidence of APC's expertise in using technology to maximise the productivity and value of company assets. 2008 average oil production for OML124 was 7,230 bbl/d.