Preowei is a conventional oil development located in deepwater in Nigeria and is operated by Total Upstream Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Preowei was discovered in 2004, lies in block OML 130 (OPL 246), with water depth of around 5,904 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2023. The Preowei conventional oil development will includes subsea tree.
Field participation details
The field is owned by Africa Oil, Banco BTG Pactual, China National Offshore Oil, South Atlantic Petroleum and TotalEnergies.
Production from Preowei
Production from the Preowei conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, to approximately 64,927 bpd of crude oil and condensate and 20 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 204.40 Mmboe, comprised of 193.98 Mmbbl of crude oil & condensate and 62.55 bcf of natural gas reserves.
Contractors involved in the Preowei conventional oil field
The key contractors involved in the Preowei project as follows.
Other Contractors: Subsea 7
For more details on the Preowei 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.
