The OML 58 licence is located about 80 km northwest of Port Harcourt in Rivers state, and contains two fields currently in production, the Obagi oil field and the Ibewa gas and condensate field. The Ubeta gas condensate field is also located in OML58.
OML58 gas production is processed in the Obite treatment centre and supplied to the Nigerian domestic gas market and
The Ubeta field will be developed with a new 6-well cluster connected to the existing Obite facilities through an 11km buried pipeline. Production is expected to begin in 2027, with a plateau of 300 million cubic feet (mmcf) per day, or 8.5 million cubic metres (mcm), which is about 70,000 barrels of oil equivalent per day (boepd) including condensates.
According to
The Ubeta gas project is a low-emission and cost-effective development that utilises the existing gas processing facilities at OML58. Carbon intensity will be further minimised with the construction of a 5-MW solar plant at the Obite site and the electrification of the drilling rig.
“Ubeta is the latest in a series of projects developed by
“I am pleased that we can launch this new gas project which has been made possible by the Government’s recent incentives for non-associated gas developments. Ubeta fits perfectly with our strategy of developing low-cost and low-emission projects, and will contribute to the Nigerian economy through higher NLNG exports.”
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