Prosperidade is a conventional gas development located in ultra-deepwater in Mozambique and is operated by Total E&P Mozambique Area 1. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Prosperidade was discovered in 2010, lies in block Area 1, with water depth of around 5,415 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2029. Final investment decision (FID) of the project will be approved in 2024. The Prosperidade conventional gas development will includes subsea tree.
Field participation details
The field is owned by Bharat Petroleum, Empresa Nacional de Hidrocarbonetos EP, Japan Oil, Gas and Metals National, Mitsui, Oil and Natural Gas, Oil India, PTT Public and TotalEnergies.
Production from Prosperidade
Production from the Prosperidade conventional gas development project is expected to begin in 2029 and is forecast to peak in 2040, to approximately 30,526 bpd of crude oil and condensate, 999 Mmcfd of natural gas and 2,999 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2096.
Remaining recoverable reserves
The field is expected to recover 7,228.71 Mmboe, comprised of 314.15 Mmbbl of crude oil & condensate, 10,436.33 bcf of natural gas reserves and 31,050.96 bcf of liquid natural gas reserves.
Contractors involved in the Prosperidade conventional gas field
Some of the key contractors involved in the Prosperidade project as follows.
Design/FEED Engineering: Eni, McDermott International, Allseas Group, Subsea 7 and TechnipFMC
Main EPC: Allseas Group, MerweOord and TechnipFMC
Other Contractors: Oceaneering International, The ERM Group, Acteon Group, Impacto, Projectos e Estudos Ambientais and Egs Asia
About Total E&P Mozambique Area 1
Total E&P Mozambique Area 1 Ltda (Total E&P Mozambique Area 1) carries out drilling, oil and gas production, processing, transportation, refining and petrochemical production, storage and distribution of petroleum products and specialty chemicals. The company is located in Mozambique.
For more details on the Prosperidade Conventional Gas 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.
