|Operator||Oando Energy Resources Inc.|
- The OML 131 licence area covers 1,204 km² (301,000 acres).
- OML 131 is located approximately 70 km south of the western Niger Delta coastline at a water depth of 500 m to 1,200 m.
- Within the licence Area there are two undeveloped oil and gas discoveries (Bolia-chota and Ebitemi ) and several untested prospects. The Chota field has been proven to extend into the Bolia field (OML 135, Shell Operator).
- The duration of the Production Sharing Contract (PSC) is 30 years from July 5, 1993, inclusive of a 10-year exploration period (OPL) and a 20-year OML period, with a 50% relinquishment at OPL to OML conversion.