OML29

OML 29 (Oil Mining Lease 29)
CountryNigeria
BlockOML29
Offshore/onshoreOnshore
OperatorsAiteo Eastern Exploration and Production Company
PartnersNNPC
Production
Producing formationsAgbada formations
OML 29

OML 29 is also known as Oil Mining Licence 29. Oil Mining Licence OML is one of the two types of licences issued to oil producers in Nigeria "with validity periods ranging from 5 to 20 years respectively."[1] OML29 is a large block located in the southeastern Niger Delta containing 11 oil and gas fields.[2] OML29 stretches over an area of 983 square kilometres. It includes the Nembe Oil Field, Santa Barbara Oil Field and Okoroba Oil Fields. It also include related facilities like the Nembe Creek Trunk Line NCTL. A 100 kilometres long pipeline with a capacity of 600 thousand barrels per day.[3]

  1. ^ "Development of Nigeria's Oil Industry". Nigeria National Petroleum Corporation. Nigeria National Petroleum Corporation. Retrieved 24 February 2016.
  2. ^ "OML 29". Wood Mackenzie. Wood Mackenzie. Retrieved 23 February 2016.
  3. ^ "SPDC completes sale of oil mining lease 29 and Nembe Creek Trunk Line in Nigeria". Shell Global. Royal Dutch Shell Plc. Retrieved 24 February 2016.