OML 34
OML 34, is a strategic oil and gas asset located in the Western Niger Delta, spanning 950 square kilometers. The lease comprises producing fields Utorogu, Ughelli East, and Ughelli West, with a combined capacity of 90000 bpd. Warri River field, previously shut down, is poised to resume production.
Strategic Importance OML 34 is a crucial asset for Nigeria and the West African sub-region, serving as a major supplier of gas for electricity generation and industrial use, with approximately 3 trillion cubic feet (Tcf) of gas reserves.