Begonia is a conventional oil development located in deepwater in Angola and is operated by Total E&P Angola. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Begonia was discovered in 2010, lies in block Block 17, with water depth of around 1,486 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $850 m. The Begonia conventional oil development will involve the drilling of approximately five wells and includes subsea tree.
Field participation details
The field is owned by Acrep – Exploracao Petrolifera, China Petrochemical, Falcon Oil Holding, New Bright International Development, PTT Public, Sociedade Petrolifera Angolana, Sonangol EP and TotalEnergies.
Production from Begonia
Production from the Begonia conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, to approximately 29,400 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.
Remaining recoverable reserves
The field is expected to recover 138.01 Mmboe, comprised of 138.01 Mmbbl of crude oil & condensate.
Contractors involved in the Begonia conventional oil field
Some of the key contractors involved in the Begonia project as follows.
Main EPC: McDermott International
Other Contractors: McDermott International
For more details on the Begonia Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
