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November 22, 2021

Maromba Phase 1 Heavy Oil Field, Brazil

By Carmen

Maromba Phase 1 is a heavy oil development located in shallow water in Brazil and is operated by BW Energy Maromba do Brasil. Discovered in 2003, Maromba Phase 1 lies in block BC-20 (Maromba), with water depth of around 538 feet.

The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $325 m. The Maromba Phase 1 heavy oil development will involve the drilling of approximately three wells and includes FPSO and subsea trees.

Field participation details

The field is owned by BW Energy.


Production from Maromba Phase 1

Production from the Maromba Phase 1 heavy oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 22,458 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2033.


Remaining recoverable reserves

The field is expected to recover 44.76 Mmboe, comprised of 44.76 Mmbbl of crude oil & condensate.


About BW Energy Maromba do Brasil

BW Offshore Production do Brazil Ltda (BW Offshore) is involved in oil & gas exploration and production activities. It is headquartered in Rio De Janeiro, Brazil.

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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