The Group's portfolio of oil and gas assets and interests are known to be relatively low geologic risk fields with significant resource potential. These assets and interests are currently centred on two core areas in the north west and south east onshore Niger Delta.
North west Niger Delta
The north west Niger Delta is characterised by mature oil and gas fields with significant additional discovered but undeveloped gas reserves. The north west area has established infrastructure giving, with respect to gas, access to major demand centres including Lagos and Ajaokuta via the gas trunk line from Oben and, with respect to oil, access to major oil pipelines providing easy access to the export markets.
In the north west Niger Delta, Seven Energy has entered into a Strategic Alliance Agreement with NPDC in respect of OMLs 4, 38 and 41. It also has an interest in the Matsogo Field. OMLs 4, 38 and 41 comprises five producing fields (Oben, Amukpe, Ovhor, Sapele and Okporhuru). In 2012, the average gross production from OMLs 4, 38 and 41 was 33,400 bopd and the target is to reach 60,000 bopd by end of 2013 as a result of a successful well workover and drilling programme that is ongoing on the fields as well as the inclusion of the Okporhuru field which came on stream in May 2013 and added 4,000 bopd of production. The Matsogo Field is located in OML 56, adjacent to OMLs 4,38 and 41, and development options for this field are under review. Set out below is an overview of the development and production areas in the north west area.
North West Niger Delta Development and Production Map >>
South east Niger Delta
The south east Niger Delta is characterised by significant discovered but undeveloped gas fields, in close proximity to areas with significant demand for gas from existing or planned power stations and other offtakers, such as Ikot Abasi, Calabar and Uy, and within reach of Port Harcourt, a major industrial centre where there is also high demand for gas.
In the south east Niger Delta, Seven Energy has interests in the Uquo Field and the Stubb Creek Field. The Uquo Field, which was discovered by Shell in 1958, lies within OML 13 licence area. Since that time, five wells have been drilled, all of which have encountered hydrocarbons, with the most recent well having been drilled in 2008. In 2010, the Uquo-3 and Uquo-2 wells were re-entered, tested and confirmed to have very good reservoir characteristics with high porosity and permeability. In 2013, the Uquo-4 well was re-entered and re-completed and also confirmed the excellent characteristics of the reservoir. Set out below is an overview of the prospects at the Uquo Field.
Uquo Prospects >>
The Stubb Creek Field is located close to the Uquo Field in Akwa Ibom State. The field lies within OML 14 licence area near the mouth of the cross river and was discovered by Shell in 1971. To date, a total of nine wells have been drilled on the field.