OML 34 (Utorogu Field, Ughelli East Field, and Ughelli West Field)

NNPC with a 55% participating interest in the asset is the Operator on record. However, the asset is jointly operated by an Asset Management Team (AMT) made up of personnel from both NNPC and ND Western Limited in which Aradel is a significant Shareholder. OML 34 is located in the Western Niger Delta and covers an area of some 950 square kilometres. In 2012, the Aradel led consortium, through a special purpose vehicle – ND Western Limited, completed the acquisition of the 45% interests of the Shell/Total/Agip JV in Oil Mining Lease (OML) 34, after a historic signing ceremony with NNPC/Shell/Total and Agip JV. The producing fields within the assets are the Utorogu, Ughelli East, and Ughelli West, the Warri River asset is being revamped and developed into a producing entity. Due to its high gas reserves and production capacity, OML 34 is of national importance for domestic gas supply, as well as feeding gas supply into the West African Gas Pipeline (WAGP) to neighbouring countries of Benin, Togo, and Ghana.

Operator

AMT – Asset Mgt. Team

Partners

NNPC, ND Western Consortium

Working Interest

18.75%

Main Fields

Utorogu, Ughelli East, Ughelli West, and Warri River

Acreage Size

951 sqKm

Loss time injury rate

0