Upstream Activity 2014 2015 2016 2017 2018 2019 UMR Branches

Quantum of Seismic Acquired Exploration

No of Exploration Wells Exploration
No of Appraisal Wells Exploration
No of Discoveries Exploration
No of Development Wells MFIO
No of Development Wells West Area
No of Development Wells East Area
No of Development Wells DOP
Re-entry/ Work-Over/ Intervention/ Stimulation etc. MFIO
Re-entry/ Work-Over/ Intervention/ Stimulation etc. West Area
Re-entry/ Work-Over/ Intervention/ Stimulation etc. East Area
Re-entry/ Work-Over/ Intervention/ Stimulation etc. DOP
FDPS MFIO
FDPS West Area
FDPS East Area
FDPS DOP
FIDS MFIO
FIDS West Area
FIDS East Area
FIDS DOP
Reserve Replacement Ratio (RRR) RM
Production RM

List of Major O
1
2
3
4
5

1
2
3
4
5

1
2
3
4
5

1
2
3
4
5
 Major Ongoing/Proposed Projects and Potentials

List of Major Ongoing/Proposed Upstream Projects and Potentials

Production Potential
(bopd)
Project
MFIO
West Area

East Area

DOP
2014 3
2015 3
2016 1
2017 2
2018 2
2019 0 3

0
2014 2015
3

0
2014 2015 2016 2017 2018 2019
.......No of discoveries
Upstream Activity
2014 3
2015 3
2016 1
2017 1 3
2018 3
2019 2

0
2014 20
3

0
2014 2015 2016 2017 2018 2019

.......Exploration Wells
Upstream Activity
2014 7
2015 5
2016 3
2017 4
2018 4
2019 3

0
2014 2015
6

0
2014 2015 2016 2017 2018 2019
.......Appraisal Wells
Upstream Activity
2014 2409.38
2015 1906.8
2016 222.7055
2017 2495.34
2018 1004.01
2700
2019 1855.198

2200

1700

1200

700

200
2014 2015

.......Q
2700

2200

1700

1200

700

200
2014 2015 2016 2017 2018 2019

.......Quanum of Seismic Acquired (km2)

Upstream Activity
2014 17.7
2015 46.79
2016 -44.54
2017 -40.29
2018 31.71
2019 31 60

30

-30

-60

-90
2014 2015
 Upstream Ac
A reflection of pre-2014 investments

Positive Outlook

Aftermath of crude price fall

014 2015 2016 2017 2018 2019

.......RRR Values
Upstream Activity
MFIO
2014 43 16 4
2015 29 14 4
2016 11 18 3
2017 7 20 6
2018 7 65 9
2019 (YTD) 6 25 8
 MFIO
ACTIVITIES
Upstream Activity 2014 2015 2016 2017 2018
No of Development Wells * 43 29 11 7 7
Re-entry/Workover/Intervention/Stimulation* 16 14 18 20 65
FDPs 4 4 3 6 9

PROPOSALS/APPROVED
No of Development Wells * 73/60 41/32 25/18 16-Dec 29/23
Re-entry/Workover/Intervention/Stimulation* 26/24 22/20 45/39 36/36 94/87
FDPs 10/4 9/4 12/3 14/6 18/9

Re-entry/Workover/Intervention/Stimulation* 24 14 22 27 44
Re-entry/Workover/Intervention/Stimulation* 37 17 14 26 56
Re-entry/Workover/Intervention/Stimulation* 28 40 32 28 33
16 14 18 20 65

FDPs 14 7 4 8 8
FDPs 6 4 1 2 7
FDPs 5 3 2 4 4
FDPs 4 4 3 6 9
 2019
6
25
8

43/23
58/49
22/8

2014 2015 2016 2017 2018 2019

67 WAP 24 14 22 27 44 67
65 EAP 37 17 14 26 56 65
35 DOP 28 40 32 28 33 35
74 MFIO 16 14 18 20 65 74

11 WAP 14 7 4 8 8 11
28 EAP 6 4 1 2 7 28
2 DOP 5 3 2 4 4 2
18 MFIO 4 4 3 6 9 18
Upstream Activity 2014 2015 2016
Re-entry/Workover/Intervention/Stimulation* WAP 24 14 22
Re-entry/Workover/Intervention/Stimulation* EAP 37 17 14
Re-entry/Workover/Intervention/Stimulation* DOP 28 40 32
Re-entry/Workover/Intervention/Stimulation* MFIO 16 14 18
ALL 105 85 86

Re-entry/Workover/Intervention/Stimulation* WAP 24 14 22
Re-entry/Workover/Intervention/Stimulation* EAP 37 17 14
Re-entry/Workover/Intervention/Stimulation* DOP 28 40 32
Re-entry/Workover/Intervention/Stimulation* MFIO 16 14 18
ALL 105 85 86

FDPs WAP 14 7 4
FDPs EAP 6 4 1
FDPs DOP 5 3 2
FDPs MFIO 4 4 3
ALL 29 18 10

*activities

No of Development Wells ** WAP 27 50 38

No of 250
Development Wells ** EAP 38 13 6
No of Development Wells ** DOP 35 35 23
No of Development Wells ** MFIO 73/60 41/32 25/18
200
ALL

150 Well Re-entry Operations

Re-entry/Workover/Intervention/Stimulation ** WAP 31 72 51
Re-entry/Workover/Intervention/Stimulation ** EAP 51 33 22
100
Re-entry/Workover/Intervention/Stimulation ** DOP 32 49 62
Re-entry/Workover/Intervention/Stimulation ** MFIO 26/24 22/20 45/39
50
**proposals
0
2014 2015 2016 2017 2018 2019*
 2017 2018 2019 Asset Area 2014 2015 2016 2017
27 44 67 ALL 105 85 86 101
26 56 65
28 33 35
20 65 74 Asset Area No of Development wells per Year
101 198 241 2014 105
2015 85
27 44 17 2016 86
26 56 40 2017 101
28 33 10 2018 198
20 65 25 2019* 241
101 198 92

8 8 11
2 7 28
4 4 2 50
6 9 8 Well Re-entry Operations
20 28 49 40

30

42 34 16
20
20 26 5
17 22 11
10
16/12 29/23 43/23

0
2014 2015 2016 2017 2018
89 103 50
133 120 25 WAP EAP DOP MFIO
55 93 25 * Proposed
36/36 94/87 58/49
 2018 2019*
198 241

ells per Year

Operations

6 2017 2018 2019

P DOP MFIO
 Work programme

Indigenous 57
IOCs 16

16 22%

E&P
Companies

78%

Indigenous Companies IOCs

IOCs
Upstream Activity Asset Area 2014 2015 2016
No of Development Wells * WAP 11 19 29
No of Development Wells * EAP 35 15 9
No of Development Wells * DOP 38 39 20
No of Development Wells * MFIO 43 29 11
ALL 127 102 69

Re-entry/Workover/Intervention/Stimulation* WAP 24 14 22
Re-entry/Workover/Intervention/Stimulation* EAP 37 17 14
Re-entry/Workover/Intervention/Stimulation* DOP 28 40 32
Re-entry/Workover/Intervention/Stimulation* MFIO 16 14 18
50 ALL 105 85 86

FDPs 40 WAP 14 Wells7

Development 4
FDPs EAP 6 4 1
FDPs DOP 5 3 2
30
FDPs MFIO 4 4 3
ALL 29 18 10
20
*activities
10
No of Development Wells ** WAP 27 50 38
No of Development Wells ** 0 EAP 38 13 6 2019*
2014 2015 2016 2017 2018
No of Development Wells ** DOP 35 35 23
No of Development Wells ** MFIO
WAP 73/60 DOP41/32 MFIO25/18
EAP
*ALL
Proposed

Re-entry/Workover/Intervention/Stimulation ** WAP 31 72 51
Re-entry/Workover/Intervention/Stimulation ** EAP 51 33 22
Re-entry/Workover/Intervention/Stimulation ** DOP 32 49 62
Re-entry/Workover/Intervention/Stimulation ** MFIO 26/24 22/20 45/39

**proposals
 2017 2018 2019* Asset Area 2014 2015 2016 2017
33 18 27 ALL 127 102 69 70
16 16 8
14 19 24
7 7 48 Asset Area No of Development wells per Year
70 60 107 2014 127
2015 102
27 44 17 2016 69
26 56 40 2017 70
28 33 10 2018 60
20 65 25 2019* 107
101 198 140
92
120 No of Dev. Wells Per Year
8 8 11
2 7 100
28
4 4 2
80
6 9 8
20 28 60
49

40
20
42 34 16
0
2018 2019* 20 26 5 2014 2015 2016 2017 2018 2019*
17 22 11
O 16/12 29/23 43/23

89 103 50
133 120 25
55 93 25
36/36 94/87 58/49
 2018 2019*
60 107

ells per Year

18 2019*
2009 786480002.60153 46740794 3906018 50646812.1
2010 897294903.238523 42348011 4011521 46359531.82
2011 876434729.495139 53379900 5139740 58519639.60572
2012 857265315.598568 64411790 6267958 73230652.39144 2550905
2013 822355893.099173 75259993 28516166 106361228.0478 2585069
2014 809031327.001279 24878865 18908412 46103781.5592 2316505
2015 794858972.192 108127431.032
2016 677109191.91 98000000 Chart Title
2017 700488905.24950000000 114521112.15
2018 728108863.268 152615948.938

900000000

850000000

800000000

750000000

700000000

650000000
2008 2010 2012 2014 2016
 2009 786480002.6 50646812
2010 897294903.24 46359532
2011 876434729.5 58519640
2012 857265315.6 73230652
2013 822355893.1 1.06E+08
2014 809031327 46103782
2015 794858972.19 1.08E+08
rt Title 2016 677109191.91 98000000
2017 700488905.24 1.15E+08
2018 728108863.27 1.53E+08

2009 2010 2011

786480002.6 8.97E+08 8.76E+08
50646812.1 46359532 58519640
837126814.7 9.44E+08 9.35E+08
6.0500764293 4.912766 6.25909

[P
ER 5%

CE 2010
NT
A
2009
G
E]

2014 2016 2018 2020

 2012 2013 2014 2015 2016 2017 2018
8.57E+08 8.22E+08 8.09E+08 7.95E+08 6.77E+08 7E+08 7.28E+08
73230652 1.06E+08 90068896 1.08E+08 98000000 1.15E+08 1.53E+08
9.3E+08 9.29E+08 8.99E+08 9.03E+08 7.75E+08 8.15E+08 8.81E+08
7.870067 11.45249 10.01767 11.97443 12.64338 14.0515 17.32845

5%

2010 2011 2014

2012 2013

2016 2017
 6.050076 4.912766 6.25909 7.870067

2009 6.050076
2010 4.912766
2011 6.25909
2012 7.870067
2013 11.45249
20 2014 10.01767
2015 11.97443
2016 12.64338
18 2017 14.0515
2018 17.32845

2014 2015 16

14

12

10

2017 8
2018
6

0
2008 2010 2012 2014
2

0
2008 2010 2012 2014
11.45249 10.01767 11.97443 12.64338 14.0515 17.32845

2014 2016 2018 2020

2014 2016 2018 2020
 List of Major ongoing/proposed Upstream FDPs and Potentials
WAP:
Anticipated Production Rate
S/No. Project (Bopd/MMscf/d)
1 Ughelli East 9,336 boppd
2 Odugri 117 bopd
3 Beniku TBP
4 Osiama Creek TBD after review
5 Clough Creek TBP
6 Isoko-South TBD after review
7 Irri-Oleh TBD after review
8 Beniboye North TBD after review
9 BeniboyeWest TBD after review
10 Opolo To be provided
11 Gbokoda Addendum TBD after review

EAP:
Anticipated Production Rate
S/No. Project (Bopd/MMscf/d)
1 Mbede 411/64.54
2 Idu 5362/225.97
3 Tebidaba 3804/0.65
4 Obama 1918/8.04
5 Obiafu-Obrikom 1500/139.57
6 Ebegoro 687/8.384
7 Akri 447/9237
8 Alinso 48/8.1
9 Oshie 3384/57.03
10 Pirigbene 1634/0.32
11 Okpai 2209/20.95
12 Akri West Awaiting Coy’s response
13 Agwe Awaiting Coy’s response
14 Asemoke Awaiting Coy’s response
15 Ebegoro South Awaiting Coy’s response
16 Ogbogene Awaiting Coy’s response
17 Ogbogene North Awaiting Coy’s response
18 Ogbogene West Awaiting Coy’s response
19 Oso To be advised by company
20 Awawa To be advised by company
21 Omoku East To be advised by company
22 Omoku West To be advised by company
23 Ekedei To be advised by company
24 Emette To be advised by company
25 Manuso To be advised by company
26 Oniku To be advised by company
27 Pirigbene South East To be advised by company
28 Umuoru To be advised by company
DOP:
Anticipated Production Rate
S/No. Project (Bopd/MMscf/d)
1 Bonga MAIN FDP Rev 9 225
2 Preowei 65kblpd
Ughelli Eas 12.1468143374258
Odugri 8.8621580253255
Beniku 62.589454261883
Osiama Cr 87.3656058111942
Clough Cr 50
Isoko-Sou 80
Irri-Oleh 19.5853413783094
Beniboye 29.9566308682548
BeniboyeW 32.0309813234283
Opolo 21.8485398673425
Gbokoda 25.0859982463048
Mbede 43.0865748215454
Idu 8.62980999731834
Tebidaba 25.1670513083391
Obama 5.42301716286238
Obiafu-Ob 80.8218772259355
Ebegoro 84.2325947653901
Akri 46.3552618358623
Alinso 95.8045788669897
Oshie 15.4799438779425
Pirigbene 3.44362001677133
Okpai 49.7372066027248
Akri West 57.7426651899954
Agwe 34.689640643752
Asemoke 20.8205006275645
Ebegoro S 71.4057386145897
Ogbogene 50.1999088001416
Ogbogene 30.132575147161
Ogbogene 93.993573876186
Oso 69.4671851917079
Awawa 11.000416763152
Omoku Eas 77.5617139285794
Omoku We 52.9223980190371
Ekedei 92.1198847469015
Emette 77.2891932957862
Manuso 95.2933189512414
Oniku 97.8900078897791
Pirigbene 38.0815075586504
Umuoru 26.1206304661663
Bonga MAI 19.2957799860823
Preowei 13.0944026911099
 Chart Title
120
Osiama Obiafu-Alinso
100 Creek Ebe
Isoko-South Ebegoro
Obrikom
80 Sou
Beniku Akri West
60 Clough Creek
BeniboyeWe
BeniboyeMbede
Gbokoda Akri Okpai O
40 st Addendum
North Agwe
OpoloTebidaba
Irri-Oleh Oshie Asem
Ughelli East
20Odugri Idu
Obama Pirigbene
0
 Ogbogene North
Ogbogene West

Pirigbene
Igbolo
Odugri
Irri-Oleh
Ughelli East
Beniku
Isoko-South
Osiama Creek

Clough Creek
Beniboye North

Chart 120
Title
Chart120
Title Osiama
Osiama 100 Creek Ogbogen
Chart 120
Title 100 Ogbogene Obiafu- Alinso Isoko-South
West
Osiama Alinso Creek
Isoko-South Ebegoro
Oniku
Obrikom 80 Ebegoro
100 Ogbogene Obiafu- West Manuso
Ekedei Beniku Omo
Obiafu-Alinso Creek Ebegoro 80 Beniku
Oniku
Obrikom
Manuso Ebegoro South
60 Clough Creek Oso
Isoko-South
West Ekedei Omoku East
Emette Akri West Beniboye
Ebegoro
Obrikom 80 Ebegoro South
60 Clough Creek Oso Okpai Ogbogene Gbo
Om
Beniku
South Omoku East
Emette BeniboyeWe
Akri West Beniboye Mbede
Gbokoda Akri 40 st Add
Ogbogene
North
Oso Omoku WestPirigbene AgweNorth Opo
60 Clough Creek
BeniboyeWe
Akri West Beniboye Mbede
Gbokoda Akri 40Okpai Ogbogenest Addendum
North
Ogbogene Tebidaba Ughelli East
20Odugri
Irri-Oleh
We Akri 40Okpai Ogbogene Omoku
st Addendum West
Pirigbene Agwe Opolo
Irri-Oleh South East
Bonga MAIN
Oshie Asemoke
Mbede Ogbogene
North Ughelli East North Umuoru Awa
oda AgweNorth OpoloTebidaba
Irri-Oleh South East
Bonga 20Odugri
MAIN
Oshie Asemoke Idu
Obama FDP Rev 90
Pirigbene
endum
lo Tebidaba Ughelli
20 East
Odugri Idu Umuoru Awawa Preowei
Idu Oshie Asemoke Awawa Obama FDP Preowei
Rev 90
Pirigbene
Obama Pirigbene0
 Emette
Alinso
Omoku East Umuoru Egbema West
Ogbogene North Akri
Okpai Ugada Abura
Obama Preowei
Pirigbene Akri West Awawa Ajapa
Gbokoda Bonga MAIN Otakikpo
Agwe Abura Deep
Irri-Oleh Ebegoro Ekedei
Idu Omoku West Sagbama
Opolo Ebegoro South Manuso Oki-Oziengbe
Isoko-South Mbede Ogbogene

BeniboyeWest Tebidaba Oso Pirigbene South East

Asemoke Oniku
Beniboye North Obiafu-Obrikom Asaramatoru
Owopele North Tubu Abana
Setu Owopele Main Abura South East
Mastogo Amoji
Okparabe/Oreba

Chart Title
Chart 120
Title Ogbogene
Osiama Obiafu- Alinso Oniku
Manuso
100 Creek Ogbogene West Ekedei
u-Alinso Isoko-South
West Ebegoro
Oniku
Obrikom
Manuso Ebegoro
Ebegoro Ekedei South Omoku East
Emette
egoro
iku
om
so 80
Beniku Omoku East
Emette Oso
South Oso Akri West Omoku West
Pirigbene
60 Clough Creek
BeniboyeWe
Akri West Beniboye Mbede Akri Okpai Ogbogene
Ogbogene
Okpai Ogbogene Gbokoda
Omoku WestPirigbene AgweNorth South EastMAIN
Bonga
Akri 40 st Addendum
Ogbogene
North Tebidaba Umuoru
gbene AgweNorth Opolo
Irri-Oleh South East
MAIN Asemoke
BongaOshie FDP Preowei
Rev 9
Ughelli
th East East
20Odugri
Asemoke Idu
Obama Umuoru Awawa
Bonga MAIN
Oshie FDP Rev 9
Pirigbene
Preowei
aUmuoru Awawa
FDP Rev 90
Pirigbene
Preowei
 Egbema

Ajapa

Abura Deep

Oki-Oziengbe

Osioka South

Asaramatoru
Ughelli Eas 12.1468143374258
Odugri 8.8621580253255
Beniku 62.589454261883
Osiama Cr 87.3656058111942
Clough Cr 50
Isoko-Sou 80
Irri-Oleh 19.5853413783094
Beniboye 29.9566308682548
BeniboyeW 32.0309813234283
Opolo 21.8485398673425
Gbokoda 25.0859982463048
Mbede 43.0865748215454
Idu 8.62980999731834
Tebidaba 25.1670513083391
Obama 5.42301716286238
Obiafu-Ob 80.8218772259355
Ebegoro 84.2325947653901
Akri 46.3552618358623
Alinso 95.8045788669897
Oshie 15.4799438779425
Pirigbene 3.44362001677133
Okpai 49.7372066027248
Akri West 57.7426651899954
Agwe 34.689640643752
Asemoke 20.8205006275645
Ebegoro S 71.4057386145897
Ogbogene 50.1999088001416
Ogbogene 30.132575147161
Ogbogene 93.993573876186
Oso 69.4671851917079
Awawa 11.000416763152
Omoku Eas 77.5617139285794
Omoku We 52.9223980190371
Ekedei 92.1198847469015
Emette 77.2891932957862
Manuso 95.2933189512414
Oniku 97.8900078897791
Pirigbene 38.0815075586504
Umuoru 26.1206304661663
Bonga MAI 19.2957799860823
Preowei 13.0944026911099
 Chart Title
120
Osiama Obiafu-Alinso
100 Creek Ebe
Isoko-South Ebegoro
Obrikom
80 Sou
Beniku Akri West
60 Clough Creek
BeniboyeWe
BeniboyeMbede
Gbokoda Akri Okpai O
40 st Addendum
North Agwe
OpoloTebidaba
Irri-Oleh Oshie Asem
Ughelli East
20Odugri Idu
Obama Pirigbene
0
 Ogbogene North
Ogbogene West

Pirigbene
Igbolo
Odugri
Irri-Oleh
Ughelli East
Beniku
Isoko-South
Osiama Creek

Clough Creek
Beniboye North

Chart Title
Chart 120
Title Ogbogene
Osiama Obiafu- Alinso Oniku
Manuso
100 Creek Ogbogene West Ekedei
Obiafu-Alinso Isoko-South
West Ebegoro
Oniku
Obrikom
Manuso Ebegoro
Ebegoro Ekedei South Omoku East
Emette
Ebegoro 80 Beniku
Obrikom Omoku East
Emette Oso
South Oso Akri West Omoku West
Pirigbene
60 Clough Creek
BeniboyeWe
Akri West Beniboye Mbede Akri Okpai Ogbogene
Ogbogene
Okpai Ogbogene Gbokoda
Omoku WestPirigbene AgweNorth South EastMAIN
Bonga
We
Mbede
oda Akri 40 st Addendum
Ogbogene
North Tebidaba Umuoru
AgweNorth Opolo
Irri-Oleh South East
MAIN Asemoke
BongaOshie FDP Preowei
Rev 9
endum
loTebidaba Ughelli East
20Odugri
Asemoke Idu
Obama Umuoru Awawa
Oshie FDP Rev 9
Pirigbene
Preowei
Idu
Obama Pirigbene0
Awawa
 Emette
Omoku East Alinso
bogene North UmuoruEgbema West
Okpai Akri
Obama Ugada Abura
Bonga MAIN Preowei
Gbokoda Akri West Awawa
Ebegoro
Irri-Oleh Idu Oso
Asemoke
Opolo
Isoko-South Mbede
Tebidaba Setu
BeniboyeWest

Beniboye North Obiafu-Obrikom Ajapa

Owopele North Agwe
Ekedei
Mastogo Amoji Omoku West
Okparabe/Oreba Ebegoro South Manuso

iku
so

gbene
th EastMAIN
Bonga
Umuoru
FDP Preowei
Rev 9
 Egbema

Ogbogene

Oso Pirigbene South East Osioka South

Oniku
Asaramatoru
Tubu Abana
Owopele Main Abura South East

Otakikpo
Abura Deep
Ekedei
Sagbama
Oki-Oziengbe