Qua Ibo (OML 13)

Background:

• Qua Ibo (40% WI and technical partner; NEPN, an indigenous company, 60% WI and operator) is located at the mouth of the Qua Iboe River in the eastern Niger Delta and covers an area of 14 km² (3,459 acres).
• The License is immediately adjacent to the ExxonMobil Qua Iboe Terminal. 
• 5 wells have been drilled: Qua Ibo-1, Qua Ibo-2, Qua Ibo-3, Qua Ibo-4 and one side track (Qua Ibo-3ST1) .
• OML 13 contains a blend of light and heavy sweet crude oil (typically 41° to 45° API) and natural gas.

Production, Facilities and Infrastructure

• The Qua Ibo flowstation was commissioned in Q4 2014 and has a 10,000 bbls/day capacity